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Top brokers from JLL, CBRE, Cresa, Savills, plus major landlords and tenants, shared their outlook for D.C.'s historically weak office market.
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Many tenants today have the urge to hunker down and wait out the crisis, but experts say now may be the time to strike out and renegotiate their leases.
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The market remained at a near standstill in Q3 with rents and occupancy taking a hit.
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Don't miss any deals.
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D.C.'s office vacancy remains at record-high levels despite more leases closing in Q2, and it could take years for the market to meaningfully improve.
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With leasing activity reaching its lowest point since before 2000 and availability rising, the future of Manhattan office remains uncertain.
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New Q1 data from JLL, CBRE, Cushman & Wakefield, Newmark and Savills shows a continued decrease in office demand and rise in vacancy.
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Cass Business School data shows lenders turning off the investment tap for UK and London hotels
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BTR provides 20% of London new build homes
Posh houses did better than average on the way up for a long time. Now everything else is rising while the sector stagnates.
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