Prominent Lombard Street Office Tower's Value Drops 76%
The office building's value has plummeted as fleeing tenants have brought its occupancy down to 57%.
The office building's value has plummeted as fleeing tenants have brought its occupancy down to 57%.
Materials science company Dow will anchor Midway's CityCentre Six, a 320K SF office tower scheduled to deliver in 2026.
Quarterly leasing activity totaled 1.6M SF, a 35% decrease from the previous quarter.
Tenants are gradually returning to signing leases, leading to the first availability decline in five years, JLL reports.
Despite the bad news, the prospect of lower interest rates and the end of Hollywood strikes have brought optimism for the new year.
Despite record-low vacancies across the country, only a small number of buildings are experiencing low occupancy rates.
Buildings that take the extra step with their amenities are more likely to get higher rents and appeal to more tenants, a JLL report shows.
Industrious at The Homer Building checks all the boxes: flexibility, a central location with proximity to childcare, beautiful offices and more.
Texas' office market is in trouble and it could be downhill from here.
The District had 11.5% of trophy office vacancy at the end of the year, while overall vacancy was at 21.2%, according to CBRE.
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