Amid Tech Turmoil, Austin Is Now Flooded With Office Space
Sublease space and new construction are creating a large backlog of vacant office space in Austin.
Sublease space and new construction are creating a large backlog of vacant office space in Austin.
Office landlords face a challenging environment, and it's going to get worse.
MAG Partners CEO MaryAnne Gilmartin discussed the team's strategy for overcoming the obstacles facing Baltimore Peninsula on a tour of the project Wednesday.
The power dynamic could be in store for a shift, putting employers at buildings of all shapes and sizes in position to demand a return to office.
Retail-to-housing, hotels-to-housing and offices-to-hotels were some of the projects discussed.
More than 3.4M SF was leased in the borough in the month – a jump of nearly 8% from July.
Less than 1.5M SF worth of office leases were signed, a 7% drop from the month before.
Less than 2% of landlords said they will be able to make the necessary capital expenditures to respond to ESG-related requirements.
Free food is no longer cutting it in the return-to-office rollout; companies are now crystalizing their mandates.
Billed as the second-tallest commercial building in the District, the property's lender is now marketing the property as a residential conversion play.
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