Commercial real estate stats point to a Broncos victory

28 Jan 2014

Commercial real estate stats point to a Broncos victory

By Marc Stiles Staff Writer-Puget Sound Business Journal

Source: http://www.bizjournals.com/seattle/news/2014/01/27/commercial-real-estate-stats-point-to.html

Commercial real estate services company Jones Lang LaSalle and football legend Roger Staubach, executive chairman of JLL’s operations in the Americas, are predicting that Seattle will lose the Super Bowl.

The reason: Seattle’s commercial office market is healthier than Denver’s.

Before you holler hooey, you should know that in the last 13 Super Bowls, teams in cities with more vacant office space have won the big game 62 percent of the time, according to JLL.

Jones Lang LaSalle pegs Denver’s overall office vacancy rate at nearly 14 percent and Seattle’s at 12.5 percent.

Staubach, who was quarterback of the Dallas Cowboys when he was declared MVP of the 1972 Super Bowl, said his pick also takes into account Broncos quarterback Peyton Manning, whom Staubach said is “one of the greatest quarterbacks of all time.”

Jones Lang LaSalle has offices in Seattle as well as Denver, and Staubach did say nice things about the Seahawks. But in the end he went with the commercial real estate formula.

“I love Seattle’s ‘D,’ I love [quarterback] Russell Wilson and I love The 12th Man,” Staubach said. “But this is Denver’s year.”

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