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TikTok, Parent Company Expand Into New Space In Culver City
News

TikTok, Parent Company Expand Into New Space In Culver City

... Pointe, Commercial Observer reported, citing a Q3 office report from Savills. A source told CO an advertising agency had planned to ... the five-year average of 3.2M SF, according to Savills' Q3 report. The brokerage estimated that the LA market would ...

Oct 02, 2023
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NYC skyline
News

Signs Of Distress Growing In NYC Office Market, But ‘The Worst Is Yet To Come’

... potential enforcement transactions,” said David Heller, executive vice president of Savills’ capital markets group. “Up until this point, there’ ... Manhattan’s office blocks are part of the picture, Savills' Clinton said. As rents drop, so do property values ...

Sep 28, 2023
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Downtown Austin Skyline South Congress Bridge Unsplash
News

Storm Clouds Gathering Over Sun Belt Office Markets As Pace Of Migration Slows

... technology sector," said Michael Soto, the research director for Savills in Southern California.  Leasing activity in the trailing four ... before, the largest decline of any market tracked by Savills.  “Austin was one of the most enviable office markets ...

Sep 06, 2023
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Asian Investor Makes £350M Bet On London Hotel Recovery
News

Asian Investor Makes £350M Bet On London Hotel Recovery

... Queensgate, Mingtiandi reported, citing information from a report by Savills, one of the brokers on the transaction.  Queensgate had ... , but was unable to gain planning permission and appointed Savills and Eastdil Secured to sell the building instead.  The ...

Jan 26, 2022
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Gaedeke Group’s 44 Wall St., where tenants signed a total of 19K SF in lease agreements this week.
News

This Week’s N.Y. Deal Sheet

... , Lyft and global financial services firm FNZ Group. Savills’ Nick Farmakis and David Goldstein represented Sprinklr, while ... Michael Pallas represented building ownership in the deal, while Savills’ Jeff Peck, Daniel Horowitz and Christopher Foerch repped ...

Aug 22, 2023
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Houston Office Is Looking Up, But Don't Get Out The Party Hats Yet
News

Houston Office Is Looking Up, But Don't Get Out The Party Hats Yet

... Houston-area transactions, about 55%, were renewals, per a separate Savills report for Q4. The same report indicated 52% of major ... LLP's 62K SF renewal and expansion in Downtown Houston. Savills Vice Chairman and Southwest Region Lead Mark O'Donnell sounded ...

Jan 11, 2022
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2020 Was The Manhattan Office Market's Worst Year This Century
News

2020 Was The Manhattan Office Market's Worst Year This Century

... leased in all of 2020, according to Savills. While some hold out hope that ... inked last quarter were renewals, according to Savills, including NYU Langone’s 633K SF renewal ... shows the full effect of COVID-19,” Savills New York and Tri-State Research Director ...

Jan 07, 2021
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D.C. skyline
News

'Eye Of The Storm': D.C. Office Market Worsened In Q4 With Little Sign Of Recovery

... across two floors at Columbia Square in Downtown D.C. Savills' Q4 report pegged D.C.'s total sublease availability ... the effects of COVID-19 have only amplified these conditions," Savills' report said.  The federal government has helped spur leasing activity ...

Jan 04, 2021
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Manhattan Office, Midtown office, office stock
News

Manhattan's Office Market Picking Up Speed With Activity At Pandemic-Era Highs

... — and echoed in other quarterly reports by Newmark and Savills — shows a Manhattan office market facing headwinds to a full ... in spite of the emergent omicron variant, Colliers, Newmark and Savills are reluctant to speculate. But Wallach remains bullish; he ...

Jan 04, 2022
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New York, London And Los Angeles Are Among The World’s Most Resilient Cities, But Power Is Rising In The East
News

New York, London And Los Angeles Are Among The World’s Most Resilient Cities, But Power Is Rising In The East

... behind Tokyo. Chicago came in sixth and Dallas 10th. However, Savills said that over the coming decades the cities rising fastest ... S. or Europe have been awarded challenger city status by Savills, with London and Paris the only European cities ranked within ...

May 01, 2019
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