Boston's office market has shown signs of life with a wave of leasing activity, while landlords are clutching asking rents tightly.
CP Group purchased Five Post Oak Park, a 567K SF office building in Houston's Galleria/Uptown submarket.
The consulting firm is moving from Bethesda to Downtown D.C.'s Metropolitan Square office building in a major win for the District's office market.
Industry watchers anticipate Culver City office leasing won't slow down.
To the extent that demand for office space has recovered in the U.S., it has been heavily concentrated in the newest, most expensive buildings.
Eaton Vance intends to relocate from International Place to One Post Office Square, although it hasn't finalized its footprint, a spokesperson said.
The O'Hare office market suffered like all others due to Covid, but being in between the CBD and the rest of the suburbs may help it recover faster.
Tenant expectations are high for the properties they are returning to. Landlords need to meet those expectations to fill offices again, Bisnow panelists said.
Real estate attorneys predict a rise in office property defaults this year, joining retail and hospitality properties.
Tours of office space have increased dramatically in frequency over the past month, but it may still take some time before that translates to leasing activity.
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