... space in Q1. “The way in which people utilize an office space has been more of a focus,” Clinton said. “ ... negative job growth, firms continue to focus on rightsizing their office footprints.” Financial institutions and legal firms have been behind several ...
... increasing 48 basis points month-over-month to 6.3%. Office delinquencies are up dramatically over their position a year ago ... , when 1.86% of office-backed CMBS loans were delinquent. Multifamily delinquencies, on the other ...
... employers surveyed are mandating a minimum of three days of office attendance. For the 12% of organizations that mandate ... one of the most structurally damaging headwinds facing the office market,” Morgan Stanley equity research analyst Sebastian Isola and ...
... The company had voiced concerns over the office market in its third-quarter call with analysts ... St., a six-story, 285K SF office building in Chicago. The building serves as ... forcing it to carry OPI’s weak office properties. Critics argued that only RMR ...
... increasing significantly. In fact, they're decreasing.” Return-to-office mandates now cover nearly 2 million workers, but buildings ... and 75% planning to shrink footprints next year. Office landlords are looking at the shifting landscape and deciding ...
... center and residential properties, with this deal marking its first office property. As of now, the plans for the building ... rolled out last fall to incentivize landlords to convert downtown office buildings into more housing through tax breaks. The push ...
... leasing, Duncan McCuaig, said. Vacancy rates in NYC trophy office properties are roughly half the overall vacancy rate — hovering ... lose workers to competing employers if their return-to-office mandate is too strict, is generating difficulty for landlords ...
... , which had been planning to redevelop the two-story office property since 2015, sold it to a partnership led by ... the changes, eliminating a residential tower and scaling back the office square footage. Fairfield Residential is an investment, management and ...
... However, the fact McHenry Row provides relatively new Class-A office space — it delivered in phases starting in 2012 — a ... Collective development in Canton as prime examples of where city office spaces remained in high demand. Both projects feature ample ...
... 2023 has seen an increase in return-to-office mandates, with 2 million workers under an in ... About 42% of businesses had a return-to-office mandate as of May, according to a Gartner ... don’t want to come back to the office, and more than half of employees don’ ...
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