Downsizing Makes Up Large Chunk Of Houston’s Q2 2023 Office Leasing Activity
Houston saw an increase in office leasing activity last quarter, but a significant portion of it came from downsizing.
Houston saw an increase in office leasing activity last quarter, but a significant portion of it came from downsizing.
APF, led by Kenneth Aschendorf and Berndt Perl, has $423M in debt backed by three office properties that are facing issues.
A growing Houston investment firm is buying older office properties with cash despite the market experiencing all-time-high vacancy.
Denver’s office vacancy rate reached a 10-year high during the first quarter of 2023.
The listing comes as its landlord has defaulted on a loan backing the building.
New York City and its real estate industry are trying find ways to turn obsolete office buildings into residential, but challenges are numerous and complex.
Boston collected 22% of its tax revenue this fiscal year from office buildings, and experts worry that declining property values could hurt the city.
A new JLL report predicts the U.S. office market will stabilize in 2024 as leasing demand recovers and the availability of high-end space dwindles.
Overall, office visits are over 60% of their pre-pandemic levels, according to new analysis by location tracking firm Placer.ai.
Many only plan a year ahead now, a Visual Lease survey finds.
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