The share of office users planning to grow or maintain their square footage rose to 67% in 2025.
Office visits in New York City surpassed prepandemic levels for the first time last month, with visits up 1.3% this July compared to July 2019.
Billionaire Greg Flynn buys Market Center towers at a discount and plans massive amenity makeover.
The property has attracted new tenants recently but is slated for a handful of lease expirations.
Morningstar released a new report on the city's office CMBS loans after the sale price of 1500 Market St. set a new floor for distressed deals in the area.
Norges, the world's largest sovereign wealth fund, is taking a 95% ownership interest in 1177 Sixth Ave.
The Office of Personnel Management is planning to relocate to the General Services Administration’s WWI-era headquarters building near the White House.
Smaller deals are driving the surge in activity.
Restaurant Brands International will take an entire floor at the Waterford Business District until 2027.
The troubled owner of New York and San Francisco office towers has also attracted bids from Blackstone, SL Green and Vornado.
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