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December 15, 2020

Tysons Office Owners Still Waiting For Shift To Suburbs As Leasing Remains Slow

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Tysons, one of the country's largest suburban office hubs, appears well-positioned to benefit from an anticipated pandemic-related shift in demand away from downtowns. But while office developers in the market hope to capture that demand, they have yet to see it materialize.

Tysons Office Owners Still Waiting For Shift To Suburbs As Leasing Remains Slow

Tysons has 31M SF of office space, the largest submarket in the D.C. suburbs, according to Transwestern. It experienced negative absorption in Q3 of 83K SF, Transwestern's latest report found, and it recorded 26K SF of negative absorption through the first nine months of the year. "This year has…

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The Pandemic Hasn’t Stopped the Building Boom In Tysons

The Pandemic Hasn’t Stopped the Building Boom In Tysons

This year has been a tough one for commercial real estate developments. From New York to California, projects have been stalled as developers grapple with everything from worker safety to uncertainty surrounding the future of the market. But in one Virginia community, development continues to soar. Despite the coronavirus pandemic,…

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In Case You Missed It: Top Stories About Tysons

In Case You Missed It: Top Stories About Tysons

1. Silverstone Senior Living filed an application with Fairfax County to build an expansion to The Boro in Tysons that will include a senior living facility. 2. D.C.-area malls, including Tysons Galleria and Tysons Corner Center, have performed better than some others nationwide, but several in the area have been…

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CRE Auctions Get Their Moment In The Sun. Will It Last?

Real estate auctions in the U.S. have long been considered a domain of bank foreclosures and little else, but as the coronavirus pandemic increases the need for online transactions — and foreclosure auctions — it has also started to encourage more people to see them as a legitimate way to buy and sell commercial real estate.

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Apartment Rent Collections 'Came Crashing' In November For Some Landlords

 

With government support for embattled workers evaporating, apartment rent collections are worsening as the year comes to a close. 

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As Mental Health Suffers During Cold COVID Winter, Bosses Need To Step Up

For the first few months of the coronavirus pandemic, Kontor, a London- and New York-based, tech-focused office broker, found its employees pushing through the uncertainty. Co-founder James Townsend said that many staffers initially thrived during work-from-home life, increasing efficiency while dispensing with the drudgery of a daily commute. But then, winter arrived.

As the days have shortened, and virus levels have surged in both the U.S. and U.K., staff have understandably drifted, feeling more exhausted, isolated and, in some cases, burnt out. 

“Nobody’s business is set up to survive six to 12 months without any sales,” Townsend said. While Kontor has managed to pull together business and even make a small profit in 2020, it’s been challenging to navigate this year’s mental ups and downs.

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