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