A series of distressed situations have arisen in the weeks since Labor Day, a trend experts say is a precursor of more to come.
Despite the doom and gloom, landlords with spec suites are seeing a rise in activity.
Vacancy in the city stood at 17% to end the year, dipping from 17.2% in the third quarter, according to a new Cushman & Wakefield report.
In the third quarter, Boston's office leasing activity rose to 1.1M SF with several notable deals, but it still recorded negative net demand.
Office landlords in the metro area have experienced more than 1M SF of negative absorption in the first half of 2024.
Due to a rise in construction costs and delivery of new buildings, some Houston office buildings are offering record-high tenant concessions.
The Houston office market is likely to see a string of defaults that will result in some keys being handed back to lenders, speakers said at a Bisnow event.
Several of the largest Boston-area office leases last quarter were for Class-B and C buildings as some tenants seek more affordable rents.
Construction on new office projects continues to slow across the country, leading to a tight market for the many tenants seeking high-end space.
OneTrust is moving from Sandy Springs to the Old Fourth Ward, taking 39% less office space.
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.