• About Patrick Sprouse

    Patrick Sprouse has over a decade of experience in the commercial real estate sector. Mr. Sprouse has held numerous positions in commercial brokerage, real estate technology and executive operations on regional, multi-market and national scales. Currently Mr. Sprouse is providing management and technology consulting service for a private real estate services company based in Washington, DC with over $1.5 billion in 2015 revenue. Mr. Sprouse has an extensive background in business management, sales engineering, project management, software selection and business analysis as well as organizational change and brand management.

    http://www.patricksprouse.com

    Office Space Utilization

    by  • March 27, 2012 • CRE, Economics

    I attended the Bay Area Economic Development Council’s luncheon today. Before the speaker our table began to discuss the future of office space. Examples like the recent ‘hotelling’ concept were brought up, as was the new ‘rejiggered’ version being referred to as ‘co-working.’  I mentioned this study that Herman Miller released on office space utilization […]

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    End of February hospitality update

    by  • March 4, 2012 • CRE, Economics, General

    Quick update on hospitality – which seems to be regressing a bit from an optimistic start of the year to a moderate growth from 2011. More specifically, at the national level occupancy grew 2.3% YoY (for the week ending dFeb 25th) to an average of 61%, the average daily rate grew 4.6% to $103.84 and […]

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    Ad expenditures vs ad medium consumption

    by  • February 22, 2012 • CRE, Marketing

    During a lunch earlier this week the topic of commercial real estate advertising came up. There are the online sources of ILS like LoopNet or CoStar, online flyer and placement ad services like RedNews, Bisnow, Business Journals, and then the traditional sources like street or window signage and periodicals. Real estate overall understands how to […]

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    Looking again at office by class

    by  • February 17, 2012 • CRE, Economics

    Since we addressed leasing activity and net absorption of the office classes last week – I thought it would be interesting to see how lease deal volume and rents compared on a quarterly basis. I had initially run deal volume against leasing activity to verify that they tracked, and they actually match up seamlessly across […]

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