Category: Office

Companies still have way too much office space, and they can’t sell it

The amount of commercial real estate available for sub-lease is roughly equal to eight Amazon HQ2 towers. A few things we know about corporate real estate: it’s a focus of cost-cutting for companies, but it’s also probably the last asset you want to sell now in a soft market. How soft? According to Elizabeth Ptacek, […]

Companies still have way too much office space, and they can’t sell it

The amount of commercial real estate available for sub-lease is roughly equal to eight Amazon HQ2 towers. A few things we know about corporate real estate: it’s a focus of cost-cutting for companies, but it’s also probably the last asset you want to sell now in a soft market. How soft? According to Elizabeth Ptacek, […]

The Office Market Has Likely Changed Forever. Look to the Labor Market for Clues on How Big the Shift Will Be.

Contact Adam DeSanctis (202) 557-2727 The ongoing tug of war between employers and employees on the return to the office versus remote work will accelerate as pandemic-related impacts fade, and labor market conditions will play a significant role in how much office space may be needed and how it will be used, according to a […]

Real estate billionaire Sam Zell says office space will recover ‘much faster’ than retail

Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, Sam Zell told CNBC on Tuesday. Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top mall and the […]

Year in Review: South Florida’s Top Office Leases in 2021

Newcomers got all the buzz, but locals took the most space in 2021 There’s perhaps never been a better time to be an office broker in South Florida. While industry leaders fretted over the future of the office in the wake of the pandemic, South Florida brokers didn’t have time to sulk. “I’m the busiest […]

Space to Replace: Divergent Market Fundamentals Drive Office-to-Industrial Conversions

While the industrial market has soared, the office market has softened, driving the conversion of some office product amid shifting demand. This report explores which markets are experiencing office space redevelopment and how much, and details the considerations for investors and developers exploring office-to-industrial conversion opportunities. Unprecedented levels of industrial demand across the U.S. have […]

Top 5 Markets for Office Construction Activity

More than 215 million square feet was under construction across the nation at the end of the first quarter, according to CommercialEdge data. More than 25 million square feet of office space came online in the first quarter of 2021, with an additional 215.8 million square feet underway across the entire U.S., according to CommercialEdge […]

Number of Coworking Spaces to Double or Triple Nationwide in the Next Five Years

The number of coworking and flexible workspace locations around the country is expected to double or triple within the next five years, despite a recent slowdown in growth in the market sector in the past year, according to a report from Colliers International. Despite the recent curb in coworking companies opening locations, operators and landlords […]

Facebook Office Outside Seattle Put Up for Sale by Developer

Block 16, a new 343,528-sq.-ft. property in Bellevue, Wash. is being marketed for sale. (Bloomberg)—An office fully leased to Facebook Inc. in a Seattle suburb is up for sale, a sign that developers are ready to test demand after the pandemic put much of the commercial real estate market into a deep freeze. Block 16, […]

How Will Subchapter 5 of the Bankruptcy Code Impact Landlords?

Landlords need to educate themselves about the new Subchapter 5 bankruptcy rules as a precedent-setting case plays out in Texas. Recent revisions to the U.S. Bankruptcy Code might open the door to headaches and heartaches for landlords that rent to small businesses. In August 2019, Congress created what’s known as Subchapter 5 of the Bankruptcy […]

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