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.
Tag: Manhattan NY
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…
Manhattan has reclaimed its position from the end of 2023 as the top market in the country for office sales volume through June, according to the latest office report from CommercialEdge. Surprisingly, before June, Manhattan…
At the end of May, the national listing rate for office space rested at $37.72 per square foot, six cents above the previous month but still down year-over-year. San Diego saw the largest drop in…
Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) — the largest tenant at the 2.6-million-square-foot Midtown Manhattan property…
At the end of May, vacancy rates continued climbing in Western tech markets, while there are indications that the glut of life sciences space may lead to oversupply in select areas.
The event, meeting space and shared office operator is set to move into its new Times Square location in March 2024, bringing in-demand flexible meeting rooms to Midtown Manhattan.
