How D.C.'s Record-High Office Vacancy Rate Is Impacting Lease Negotiations
Top brokers from JLL, CBRE, Cresa, Savills, plus major landlords and tenants, shared their outlook for D.C.'s historically weak office market.
Top brokers from JLL, CBRE, Cresa, Savills, plus major landlords and tenants, shared their outlook for D.C.'s historically weak office market.
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.
The market remained at a near standstill in Q3 with rents and occupancy taking a hit.
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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.
With leasing activity reaching its lowest point since before 2000 and availability rising, the future of Manhattan office remains uncertain.
New Q1 data from JLL, CBRE, Cushman & Wakefield, Newmark and Savills shows a continued decrease in office demand and rise in vacancy.
Cass Business School data shows lenders turning off the investment tap for UK and London hotels
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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