Atlanta Office Vacancy Eclipses 28%, Setting New All-Time Record
Despite the drop in activity, landlords have continued to hold asking rents.
Despite the drop in activity, landlords have continued to hold asking rents.
Zombie buildings have high vacancy and low utilization, which has a cascading effect on the surrounding economy.
An NAI Hiffman report shows the office market throughout Chicago has continued to struggle, though there are some bright spots.
Tech CEOs who demanded workers come in to an office have benefited Kilroy, its CEO said.
Angi’s reduction of space in the River North market is indicative of that area’s struggles to retain office tenants.
Distress is growing, but so far this year, workouts and other resolutions have helped keep net distress on the decline.
SME Capital provided ERBO Properties nearly $4.8M for its 81K SF boutique office project at 541 West 21st St.
The bank's prediction assumes that office occupancies don't recover from their slump.
With loan maturities looming, some office owners are starting to sell their Manhattan buildings for serious discounts. Experts say that wave is just beginning.
Baltimore's office sector performance plummeted at the start of 2023, with gross leasing activity dropping sharply and vacancy rising.
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