Boston Office Market Ends Year With Spike In Sublease Listings, Record-High Vacancy
Boston's office vacancy rate in the fourth quarter surpassed that of the dot-com bust, the Great Recession and the height of the pandemic.
Boston's office vacancy rate in the fourth quarter surpassed that of the dot-com bust, the Great Recession and the height of the pandemic.
One of the world's largest brokerages is joining the growing list of companies attempting to shed space in Chicago.
Durst filed the lawsuit against Bank of America and law firm Akin Gump Strauss Hauer & Feld, both tenants at its flagship tower One Bryant Park.
DC Blox is upgrading its headquarters to an office tower in Central Perimeter.
In the third quarter, the market saw 400K SF of net new sublease space added to the market and 1.5M SF of new space deliver vacant, according to JLL.
The listing comes as its landlord has defaulted on a loan backing the building.
Read about the latest transactions in Chicago commercial real estate this week.
Chemonics International, which kick-started the latest phase of The Yards with a full-building lease, is looking to give back space due to hybrid work.
Manhattan had 22 new sublet listings of at least 15K SF in the fourth quarter, according to a Savills report.
The financial services company put its 245 Summer St. space up for sublease as it plans to move into a new Seaport office next year.
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