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News

Office Usage Reaches Highest Mark Since March 2020

... 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’ ...

Nov 15, 2023
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Brickell 830 Brickell Miami
News

Office Tenants Search For Value While Shrinking Footprints

... that starts with a rate of $120 or $110.”   Suburban office parks captured the three largest new leases in Q4, according ...

Jan 16, 2024
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Office Buildings Aren't Selling, Not Even As Distressed Assets
News

Office Buildings Aren't Selling, Not Even As Distressed Assets

... sales conducted last year, CoStar reported. Sales of office properties with the pressure of an impending securitized mortgage ... occupied. In a market with so little interest for office acquisitions, the buildings themselves are often becoming something of ...

Jul 06, 2023
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Office Vacancies Are Concentrated In 30% Of The Nationwide Office Stock, JLL Says
News

Office Vacancies Are Concentrated In 30% Of The Nationwide Office Stock, JLL Says

... nationwide mask the fact that a disproportionate amount of empty office space is concentrated in a relatively small percentage of ... individual vacancies as the “older-vintage commodity segment of the office market,” with offices built in the 1980s and 1990s ...

Jun 23, 2023
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Office-To-Residential Conversions Unlikely To Solve San Francisco’s Woes
News

Office-To-Residential Conversions Unlikely To Solve San Francisco’s Woes

... work policies.  The almost universal deprecation of the office-to-residential conversion idea by real estate professionals ... that sales pitch will likely exclude widespread conversions of office space into housing despite recent policy enactments.   "That ...

Jun 21, 2023
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Office REITs Look At Diversification For A Life Raft
News

Office REITs Look At Diversification For A Life Raft

... route. Rather than develop a portfolio of nonstandard office properties, Office Properties Income Trust in April agreed to acquire ... another take on the pivot away from pure office plays. Incorporating office uses into mixed-use developments is seen ...

May 10, 2023
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Office Repositionings Get The Attention. But Disinvested Areas Offer ‘Plethora Of Choices’ For Conversions
News

Office Repositionings Get The Attention. But Disinvested Areas Offer ‘Plethora Of Choices’ For Conversions

Sana Syed, senior director of strategic initiatives at the Inner-City Muslim Action Network, has worked extensively on the Go Green on Racine project, an equitable neighborhood development initiative at the intersection connecting the Englewood and West ...

Dec 06, 2023
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Office Usage Spikes Above Halfway Mark After Labor Day, Kastle Reports
News

Office Usage Spikes Above Halfway Mark After Labor Day, Kastle Reports

... most markets. Corporate policy demanding that workers return to the office have ramped up and could be contributing to the increase ... recorded gains, though more modest ones. Houston, the most-occupied office market — and the only one over 60% — was up to ...

Sep 20, 2023
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Office REIT Takes $20M Hit After Refinancing Debt With 9.25% Interest, Double Previous Rate
News

Office REIT Takes $20M Hit After Refinancing Debt With 9.25% Interest, Double Previous Rate

... unfortunately reflective of where the market currently is for commercial office properties,” Piedmont CEO Brent Smith said during an earnings ... the same period last year. Piedmont owns a 17M SF office portfolio valued at an estimated $5B. The REIT operates ...

Jul 26, 2023
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Wall Street
News

Office Landlords Hype New RTO Mandates, But Their Values Are Still 'In The Tank'

... experiencing similar hits. Those prices, along with stubbornly sluggish office occupancy, made for a less-than-buoyant mood on ... said. Vornado President Michael Franco took a similar stance, describing office negativity as a "whipping boy" for the media. " ...

May 04, 2023
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