Steve Hanscom - Philly Office

Office Leasing Broker @ CBRE in Philadelphia. Global/National Occupier Rep for Corporate Clients. Opinions are my own.

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@ninthhostage Small blip in space comparative to what Vanguard occupies in Malvern as a whole. But still a big loss for the building.

[Steve Hanscom - Philly Office @SteveHanscomCRE]

I’m not too far out of this… not sure if this is your first but here’s my 2 cents.

1. Campus is important but the surroundings are what makes it. “Cool buildings are great” but the people are what matter. Make sure the vibe is there.
2. Where can my network build the most (business seems the interest)
3. This is subjective but the goal should be to leave college with max 20k debt of student loans. Everyone’s situation is different but should be factor if they have skin in the game. (I have seen people take 250k out that they’ll be paying out for yearsss).
4. Notes on travel above. If kid wants to be there and not want to leave (less of a concern). Ladder of the above. But don’t determine your travel time of what’s best

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@molzer @godowntownkc @KansasCity @KlydeWarrenPark @QuintonLucasKC This park is being built over I-95 in Philly right now. It will change the whole landscape of Old City and directly connects the city to the river. Will be great once it’s done.

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@kenashley It’s on the way in the mail!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@KevinMoss216 Let’s go!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

Putting together a survey and just reached out on 4 flex properties that are listed for lease. Sent emails to everyone because I need the asking rents.

Every broker told me the space has been leased. Why leave it up then?

@CoyDavidsonCRE - I know this is a favorite of yours 😂

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@kenashley Ordering today and congrats Ken!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

Doing my continuing education right now. The content is ridiculous.

They should throw a section in there for how a base year of OPEX affects a modified gross commerical lease - majority to the people could learn something!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@KevinMoss216 Let’s go!!!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@skylarromines Too much noise to wipe out any industry. More people debating about this and that, seems to change every 3 months.

Everyone likes to talk until the people interacting with THEIR business don’t like AI

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@kenashley Congrats Ken!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

I was at a dinner with my grandmom the other night. She was telling me about her trip to the doctor office and that the elevator was inoperable, struggled to get up the stairs.

Emailed the owner of the practice next day.

Turns out the landlord is out of $ and the doctor is looking to move.

You just never know how the next deal is going to come

#crex #cre #retwit

[Steve Hanscom - Philly Office @SteveHanscomCRE]

CBRE released their U.S. Real Estate Market Outlook for 2026! Rundown below…

Economy:
🌎 GDP growth is expected to slow to 2% in 2026 (down from 2.3% in 2025). This is due to less business investment and consumer spending. New concerns about overinvestment in AI, government debt levels, and softening labor market are brewing.
💼 Job growth expected to slow to 0.3% (annual average of 1.1% since 1990)

U.S. Office Outlook:
↗️ Annual leasing activity is expected to surpass 2019 levels. Large users will likely continue to return to the market.
💡 Lower vacancy rate expected given same occupier demand, less available top-quality space, little new construction, and office conversions.
🌡️ Occupiers will remain cautious about AI's impact on space planning.

Philadelphia Office Outlook:
🚧 Expect market vacancy rate to stabilize and begin to decline the end of 2026. Aided by conversions + demolitions, coupled with very little supply growth.
🏙️ Downtown: Conversions will help stabilize vacancy. But leasing activity will be hampered by complications surrounding Landlord financial stability (inability to fund TI and deal costs).
🏢 Suburbs: Better capitalized Landlords are positioned to take advantage of persistent leasing activity.

https://t.co/5uVwS1N8Pl

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@briancperry @CoyDavidsonCRE If I filled you in on this deal you’d feel my pain.

Due to catch up B Perry!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@CoyDavidsonCRE I was literally going to say… I’ll text you.

Haven’t been on X as much as I have liked. Work kicking my ass! lol

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@kenashley You are a great man, Ken! Amazing that we could be connected through an app like X. I see ‘26 as a crusher!

[Steve Hanscom - Philly Office @SteveHanscomCRE]

Such an honor to be apart of this one! Office is coming back and in major ways!

https://t.co/uRsnXZdKRI

[Steve Hanscom - Philly Office @SteveHanscomCRE]

@KipMooreMusic - most genuine dude and insanely talented artist. Highly recommend his shows if he comes your away

[Steve Hanscom - Philly Office @SteveHanscomCRE]

https://t.co/MYEkRMWHoh

[Steve Hanscom - Philly Office @SteveHanscomCRE]

"The Office Recovery Has Kicked Off"

CBRE's Global Head of Research, Henry Chin, Ph.D. recently shared his office market insights with ROOM.

Key Takeaways of the article:
🏢 In October, the U.S. office market recorded its FIRST year-over-year decline in vacancy since 2020, falling to 18.8%
🗽 In some markets, it’s LOWER: the vacancy rate in Park Avenue New York is now 6% and in the Midtown core, it’s 9%
🔃 Business leaders are taking up smaller office footprints, 20,000 to 50,000 square feet, due to hybrid work and the lack of quality space.
💲 Inventory has stayed tight because construction remains costly—with expenses at least 20% to 25% higher than they were in 2019. This leads to tenants renewing. New builds are rare.

Tenants are targeting quality assets, amenities, and well capitalized landlords that can deliver on their promises.

Link to the article is in the comments below 🔽