Professional Experience
Associated Office
As the Research Analyst for CBRE Cincinnati/Dayton, Demetri writes quarterly reports relating to market conditions such as sales, vacancy, inventory base, absorption, rents, tenants and leasing activity. He also creates custom real estate and economic analysis reports which enables clients to have a better understanding of individual markets.
Demetri earned his Master of City and Regional Planning from the University of Memphis in 2012. While completing his graduate degree, he served as a graduate assistant and worked with the Memphis business community on a variety of projects involving economic development, housing and private-public partnerships. He received his Bachelor of Business Administration in Finance and Commercial Real Estate from the University of Cincinnati in 2006.
He is a licensed real estate professional in the State of Ohio.
Team Overview
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Major Reports
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An industrial big-box facility is a traditional warehouse or distribution center of at least 200,000 sq. ft.
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Article | Creating Resilience
Four Ways Retail Organizations Are Future-Proofing Their Real Estate Strategies
June 4, 2024
Facilities management, capital allocation and portfolio optimization provide opportunities to innovate and transform real estate strategies.
U.S. Market Reports
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Policy speculation and announcements are now the key drivers of macro expectations and financial markets.
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The Silicon Valley R&D market closed Q1 2025 with an overall vacancy rate of 11.7%, net absorption of 671,547 sq. ft., and an overall average asking rate of $2.99 per sq. ft. on a monthly, direct, NNN basis.
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The Napa/Solano Industrial market closed Q1 2025 with an overall vacancy rate of 8.3%, net absorption of negative 1,070,185 sq. ft., and an overall average asking rate of $0.91 per sq. ft. on a monthly, NNN basis.
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The Oakland Industrial market closed Q1 2025 with an overall vacancy rate of 6.3%, net absorption of negative 233,401 sq. ft., and an overall average asking rate of $1.35 per sq. ft. on a monthly, NNN basis.
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The North Contra Costa County Industrial market closed Q1 2025 with an overall vacancy rate of 4.1%, net absorption of positive 30,519 sq. ft., and an overall average asking rate of $1.11 per sq. ft. on a monthly, NNN basis.
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The Tri-Valley Industrial market closed Q1 2025 with an overall vacancy rate of 7.0%, net absorption of negative 339,444 sq. ft., and an overall average asking rate of $1.20 per sq. ft. on a monthly, NNN basis.
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The Silicon Valley R&D market closed Q1 2025 with an overall vacancy rate of 11.7%, net absorption of 671,547 sq. ft., and an overall average asking rate of $2.99 per sq. ft. on a monthly, direct, NNN basis.
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The Silicon Valley industrial market closed Q1 2025 with an overall vacancy rate of 4.3%, net absorption of 2,236 sq. ft., and an overall average asking rate of $1.82 per sq. ft. on a monthly, direct, NNN basis.
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The Silicon Valley industrial market closed Q1 2025 with an overall vacancy rate of 4.3%, net absorption of 2,236 sq. ft., and an overall average asking rate of $1.82 per sq. ft. on a monthly, direct, NNN basis.
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The San Francisco Bay Area industrial market closed Q4 2024 with an overall vacancy rate of 5.2%, net absorption of negative 59,284 sq. ft., and an overall average asking rate of $1.42 per sq. ft. on a monthly, NNN basis.
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KEY TAKEAWAYS
-The Columbia market has demonstrated strong demand and low vacancy rates, indicating a need for additional construction to meet tenant demand. -
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International Reports
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Market expansion slows during a period of uncertainty
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Stability in premium space amidst construction decline
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Increasing availability rates amid economic uncertainty
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UK logistics take up increased by 16% quarter-on-quarter in Q1 2025 to 5m sq ft. Space under offer also increased over the quarter, by 11.4%, while availability rose to 44.4m sq ft.
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Tight market encounters economic turbulence
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Tariff uncertainty overshadows an otherwise promising quarter
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Gross take-up over the quarter has decreased compared to 4Q24, totalling c. 91,000 sqm over 1Q25.
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Gross take-up over the quarter decreased compared to the previous quarter and totalled c.293,000 sqm. Total take-up levels across the Melbourne market remains healthy, with levels consistent with the long-term historical average.
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Gross take-up fell by 10% compared to last quarter, totalling 98,000 sqm. Transport, Postal and Warehousing occupiers dominated lease activity in 1Q25.
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Australia’s vacancy rate averages 2.5% (as at 2.H4) and remains one of the lowest globally.
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Large Bay improves despite future uncertainty
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Winnipeg industrial sector remains steady to start 2025
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Availability tightens as no new supply is delivered
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Ottawa remains resilient in the face of cross-border tariff threats
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Pockets of improving fundamentals overshadowed by tariff uncertainty for an overall quiet quarter
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The latest CBRE Sustainability Index shows that inefficient assets continue to underperform.
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The UK property market showed a notable surge in office investment during Q4. The office sector saw an increase in full year take-up year-on-year, while the logistics sector maintained a stable level for the same period.
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Low availability continues to put upward pressure on rents
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Westshore availability declines as new supply is absorbed
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Quebec City shows signs of stability as availability growth eases
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Vacant new supply deliveries highlights third consecutive quarter of negative net absorption
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In 2024, investment in UK commercial real estate increased by 20% compared with 2023
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Gross take-up over the quarter has decreased significantly compared to 3Q24, totalling circa 123,000 sqm over 4Q24. The Manufacturing sector dominated total floorspace leased (50%).
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Strong pre-leasing over 4Q24 resulted in gross take-up of c.119,300 sqm for the quarter, and a total of c.296,000 sqm for CY2024, significantly above the 10-year average.
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Gross take-up over the quarter increased compared to the previous quarter and totalled c.275,000 sqm. Total take-up levels across the Melbourne market remains healthy, albeit concerns about high lead times remain prevalent.
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Gross take-up fell by 15% compared to last quarter, totalling 110,600 sqm. Transport, Postal and Warehousing occupiers dominated lease activity in 4Q24.
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Australia’s vacancy rate has increased and now averages 2.5% (as at 2.H4) – remaining one of the lowest globally.
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Gross take-up of c.54,500 sqm was recorded during 4Q24, bringing the CY2024 total to c.97,000 sqm (below the 10-year annual average of c.150,000 sqm).
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Doug Whitten
Executive Vice President
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