... , food service, and arts and entertainment, the report found. Office-to-residential conversions have been another saving grace for Center ... building with 36% occupancy across from City Hall. While the office building, the largest in Center City, takes up an ...
... portfolio Joss is bringing to the table is three multitenant office properties in Boston, Philadelphia and the Bay Area. The ... in taking private its 8M SF portfolio. Publicly traded office REIT Office Properties Income Trust is facing a one-two punch of ...
... 30. OPI owns 17M SF of rentable office space, mostly Class-B properties with a ... was once a mark of stability for office landlords but has become a liability as ... investor demand for anything but top-quality office buildings has been limited. OPI found buyers ...
... has a portfolio of 17M SF of mostly Class-B office space and a concentration of buildings around Washington, D.C ...
... sports and entertainment with 508K SF. The slowdown in office construction is in line with higher construction costs, lower ... of preleased space before making deals. The slowdown in office construction could help the struggling sector boost occupancy in ...
... value of OPI's unencumbered assets are in today's office market, and whether selling those buildings would net enough to ... , with the General Services Administration looking to cut its leased office space by 5M SF next year. “Throughout the country, we ...
... familiar with the remote, hybrid pattern, employees coming into the office, so they’re willing to do leases,” Maharajh said. “ ... and-extend agreements.” But even amid the strong activity, the office market is experiencing the pain of rightsizing. “It’s not ...
... 2023, some new market realities are setting in as office usage remains well below pre-pandemic levels despite some major ... companies' return-to-office efforts. Overall office vacancies reached a record high of 19.6% at ...
... , according to Bloomberg. Real estate investment trusts focused on office space performed even better, only losing 1.5% of their ... industry already facing a debt repayment and liquidity crunch. Office stocks showed some signs of clawing back those losses in ...
... in December found that organizations are interested in leasing more office space in the new year. Some 42% of ... extent to which employers will allow flexibility or improve their office environments.” Half of survey respondents said that between 26% ...
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