Banc Of California Signs 40K SF DTLA Office Lease
DTLA has the highest office vacancy rate of any submarket in the area, according to CBRE.
DTLA has the highest office vacancy rate of any submarket in the area, according to CBRE.
Companies that came to Miami's office market after the pandemic are now starting to expand their presence.
The prices of older office buildings have fallen to a fraction of their prepandemic level, but the market's ability to rebound faces obstacles.
Favorable occupancy and rental rates are trickling down to lower-tier office buildings, signaling a broader market recovery.
CoStar reversed a previous forecast on the U.S. office market and now expects positive absorption over the next year.
Executives at two Atlanta-focused CRE firms reported increased office activity despite a recent spate of major layoffs by U.S. companies.
Starting Monday, Aug. 11, Blackstone will return to its regular schedule, according to an internal memo.
The agency roughly doubled its space from 36K SF.
Investment manager BGO bought the 503K SF office tower from RFR in 2015 for twice as much as the tower’s current value.
More debt and a higher return-to-office rate is also fueling investor interest.
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