Year-end office reports show some positive signs for Baltimore's office market, and experts foresee some improvement this year but not a major surge.
Capital Properties' loan on the Park Square Building in the Back Bay was transferred to special servicing after losing two major tenants last year.
The pharmaceutical giant announced it would be moving out of the two office buildings at 219-235 E. 42nd St. in 2018.
Vacancy rates for office properties hit highs as the consequences of overbuilding and hybrid work hit developers.
Even experienced borrowers could walk away from properties as debt burdens become too much to handle and refinancing stays out of reach.
SL Green plans conversions, casino bid and opportunity fund as it offloads empty offices.
Merriweather Row, a highly sought-after collection of seven newly renovated office buildings in downtown Columbia, Maryland, is available for tenants to lease.
Vacancy in the Greater Boston office market surpassed 20% for the first time in 20 years, according to Newmark's first-quarter report.
The publicly traded REIT is lowering its dividends, citing concern over leasing in an office market beset with high vacancy rates and subleasing trends.
International Baccalaureate is looking to sublease its 100K SF in the former Fannie Mae building at 3950 Wisconsin Ave. less than a year after opening.
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