Amazon Plans To Shave Millions Of Square Feet Off Its Office Footprint
A leaked meeting transcript shows the tech giant plans to push its average office vacancy from 31% down to 22.9%, cutting office space along the way.
A leaked meeting transcript shows the tech giant plans to push its average office vacancy from 31% down to 22.9%, cutting office space along the way.
Dallas-based Younger Partners rode a wave of office momentum to fully lease up nearly 463K SF in buildings built between the 1980s and 2000s.
Office Properties Income Trust is near a deal with eight of its creditors that would reduce its debt by $700M.
Midway completed CityCentre Six with 90% of the building's office space preleased.
The generative AI company has been on a leasing tear in the Bay Area for more than two years.
ADP is downsizing its Miami footprint after leasing new space that is 16K SF smaller.
D.C. office tenants are now paying an average of $105 per SF for the city’s 14M SF of trophy space, up from $96 per SF this time last year, according to CBRE.
Big office transactions catching everyone’s eye are distorting the market reality, NAI Hiffman Executive Vice President Adam Johnson said.
Pfizer will vacate more than 164K SF of lab and office space in South San Francisco at the end of April.
A change in the way business rates are applied to flexible office buildings is adding costs and complications for both operators and tenants.
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