There were 6.3M SF of office leases signed in Manhattan last quarter, according to Savills, a 31% decrease from the same period last year.
A vacancy issue is simmering in DFW as tenants pause space decisions and a historic amount of new construction hits the market.
Houston's industrial leasing demand dropped more than twice as much as its delivery pipeline this quarter, pushing vacancy higher.
The agency plans to consolidate into 198K SF in a Judiciary Square building owned by the Communications Workers of America.
Despite the bad news, the prospect of lower interest rates and the end of Hollywood strikes have brought optimism for the new year.
The heat has been out of the life sciences market over the last 18 months, but new VC investments could fuel a comeback for the changed sector.
The country's available industrial sublease space has roughly tripled in two years as users consolidate.
Asian investors have traditionally deployed capital when London values dip, but this time around, they have stayed away from the capital's real estate.
As leasing slows, developers are reducing their expansion plans and preparing for lower rents.
Greykite could use its new logistics portfolio to create a bigger platform in the sector.
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