Amazon Plans To Cut $1.3B In Costs By Shedding Office Space
The e-commerce giant occupies 54M SF of office space worldwide.
The e-commerce giant occupies 54M SF of office space worldwide.
A rapid rise in property tax appeals from struggling office owners has the city bracing for a budget squeeze in fiscal year 2025.
Any building older than 10 years, or about 92% of the office market, is all but out of luck attracting leasing activity.
Robert Rivani's Black Lion Investment Group plans a $50M renovation of The Lincoln in Miami Beach, which will be renamed after the firm's president.
Office-to-warehouse conversions aren't going anywhere, with multiple projects underway in Orange County.
The CRE firm has outgrown its existing office in the same building.
Employers and office owners have worked through the grief cycle, with most accepting a full return to office will never happen.
Demand was highest in the professional services industry over the past three months at 428K SF, according to May VTS data.
Experts are preparing for AI to become the next threat to demand for office space, warning that office properties could go the same way as regional malls
The leasing team has been revealed as the landlords stare down nearly $100M in debt coming due in June.
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