Boutiques Resilient in Face of M&As
ByCHICAGO—The spate of multinational service providers gobbling up—or being gobbled up by—other multinational service providers leaves one to wonder what the smaller boutiques, the moms-and-pops of the industry, are thinking. Members of the Independent Brokers Group of theSociety of Industrial and Office Realtors aren’t flinching.
Thornburgh: “There will always be a substantial place in the market for the highly skilled boutique and regional firms.”
It was an appropriate time to chat with the folks of SIOR (a GlobeSt.com Thought Leader), given that the association’s Fall World Conference is set to kick-off here on October 8. And while the consolidation trend does tip the scales of competition toward the big boys, there’s plenty to be gained from the boutiques.
“The larger firms can control the market, setting rental rates and term structure,” says Jason M. Crimmins, CCIM, SIOR,president of the Short Hills, NJ-based Blau & Berg Co. “But there are corporate users who recognize the value and local expertise that independent firms have to offer. As an independent, we bring not only our local proficiency but every other SIOR independent’s local expertise.”…
Boutiques Resilient in Face of M&As
