FBI Office Tower In Chelsea Sells For $134M
The Federal Bureau of Investigation moved into the 268K SF building in 2016.
The Federal Bureau of Investigation moved into the 268K SF building in 2016.
Renovated towers from the 1980s and 1990s are closing the vacancy gap with trophy space, using multimillion-dollar upgrades to lure tenants.
Limited growth in office-using jobs through 2030 is likely to keep vacancy rates elevated, although there's wide variation dependent on the pace of AI adoption.
CMBS was ready to jump back into NYC’s office market feet first this year, with brokers and analysts expecting even more acceleration in 2026.
Kennedy Wilson purchased the office building for 35% more than the county-assessed value.
AI-focused companies are signing smaller leases for shorter terms than most tenants, but they are becoming a growing force in NYC’s office market.
Landsec is selling its London office development assets to concentrate on retail.
Medical office buildings are in high demand as the pipeline for new spaces is narrow.
Office Properties Income Trust went from $30 per share in 2021 to less than 50 cents today, leaving the 17M SF portfolio with a valuation under $30M.
1050 17th Street, one of Washington, D.C.'s premier office buildings, is attracting attention because of its ideal location, modern design and accessibility.
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