)
Quarterly leasing activity totaled 1.6M SF, a 35% decrease from the previous quarter.
)
The District had 11.5% of trophy office vacancy at the end of the year, while overall vacancy was at 21.2%, according to CBRE.
)
Warehouse vacancy rose above 5% at the close of 2023 as tenant demand normalized from pandemic heights.
)
More than 2M SF of office space was added to the region's inventory in the past 12 months, helping to drive the availability rate to nearly 30%.
)
Chad Hagle of Aventine Development Corp. believes retail markets in Central and Eastern Europe offer better returns than what is currently possible in the U.S.
)
The three largest deals of the quarter saw companies recommitting to office footprints of more than 200K SF.
)
Despite renewed financial activity, the biotech thaw early in 2024 hasn’t significantly impacted life sciences real estate.
)
Four global brokerage firms appointed new leadership in South Florida as they look to expand their headcounts in a market that has shown resilience.
)
Among a wave of development planned in Rittenhouse Square, two labor-union-owned buildings on Chestnut Street are now set for demo, and a potential sale.
)
Houston has about 5M SF of office sublease space available, which researchers say is a sign of health for the overall market.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.