New Satellite Offices Could Offer Suburbs A Lifeline, But So Far It Isn't Happening
Although many people predicted downtown firms would soon start establishing satellite offices in the suburbs, few have done so thus far.
Although many people predicted downtown firms would soon start establishing satellite offices in the suburbs, few have done so thus far.
Office buildings, unlike retail and hospitality, are secured by long-term leases — but a slowdown in deals could cause problems.
The U.S. Patent and Trademark Office is working with the General Services Administration on a plan to reduce its Northern Virginia office footprint.
Some of the world's largest companies are firming up permanent hybrid work models, but it no longer looks like it will come with major office givebacks.
Blackstone-owned company paid out £130M dividend
Houston's office market saw direct vacancy, availability and sublease space increase during Q3 2020.
The fate of malls offers an interesting recent parallel
The U.S. office sector faces deep absorption declines in the coming two quarters.
It doesn't have to be grim.
The Clarity Group just exchanged 9K SF at a Class-A tower for about 1K SF at a single-story complex, and that could spell trouble for the office market.
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