Despite economic pressures, Manhattan’s office market showed resilience in late 2024. Specifically, leasing activity rebounded in the fourth quarter, driven by finance firms hungry for top-tier space in prime locations like Park Avenue. Meanwhile, office…
On Dec. 30, Namdar Realty Group and Mason Asset Management acquired the 57-story office tower at 70 W. Madison St. in Chicago for $85 million. Spanning 1.44 million square feet, the building ranks among the…
Office attendance rates are still hovering around 51%, even as several high-profile companies such as Dell, Amazon and Meta are returning their workforces to the office.
Houston’s office market continues to grapple with elevated vacancy rates, which hit 25% by mid-2024 — a 190-basis-point increase year-over-year — to rank third nationally behind Austin, Texas, and San Francisco, according to the latest…
In September 2024, life sciences hubs have experienced some of the highest year-over-year hikes in office vacancy rates, in part due to a glut of lab and office space in life sciences properties built over…
San Francisco continues to hold its position as the West Coast’s most expensive office market with asking rents averaging $66.93 per square foot — just behind Manhattan — according to the latest CommercialEdge national office…
As the office market continues to deal with low demand since the widespread adoption of remote work, some building owners are looking toward alternative ways of covering overheads and boosting the profitability of their properties.…
We ranked the best cities for mixing working from home (WFH) with working from the office (WFO) based on a set of metrics relevant to each work model. From Florida to Washington and everywhere in…
The space currently under construction nationally adds up to an expansion of current stocks of only 1.1%, as high lending rates and low demand continues lowering office space development.
The office space market is facing challenges including rising delinquencies and potential defaults. Up to 30% of all loans for office properties are set to mature by the end of 2026, posing a great challenge…
