CBRE, Dallas, reported that despite challenges in the sector, the tech industry has reclaimed the largest share of U.S. office leasing in the third quarter.
Tag: Office Sector
Fitch: Office Property Performance to Worsen Amid Rising Market Pressures
Office loan performance will likely continue to weaken as market pressures build, reported Fitch Ratings, New York.
July 24 (New Date): MBA Education Webinar Office Doldrums: Challenges, Opportunities and Nuances
Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.
MBA Education Webinar Office Doldrums: Challenges, Opportunities and Nuances July 24
Office markets and performance are on the minds of market participants as technology layoffs and space reduction announcements drive the year’s news cycles along with rising interest rates. Join MBA Education and industry practitioners as they explore opportunities and challenges in the office sector.
Tech Sector Pressures Major Office Markets
Office-using sectors added 67,000 jobs in April–a 2% year-over-year increase–but demand for office space remains weak across major markets, reported CommercialEdge, Santa Barbara, Calif.
#MBACMST23: Facing up to Office Sector Challenges
CHICAGO–The office sector faces major challenges, but servicers and asset managers can handle them, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
ULI: Office Sector in ‘Full State of Flux’
Offices are here to stay, but the sector is in ‘a full state of flux,’ said the Urban Land Institute, Washington, D.C., and Instant Group, London.
Office Market Closes 2022 with Rising Vacancies, Declining Sales
The office sector remains unsettled even nearly three years after the COVID-19 pandemic broke out, reported CommercialEdge, Santa Barbara, Calif.
Downsizing Tech Sector Challenges Office Recovery
CommercialEdge, Santa Barbara, Calif., reported tech companies have been laying off workers and downsizing their office footprints to cut costs, which could make the office sector’s recovery even harder.
Office Sector’s Future Up for Debate
Colliers International, Toronto, said the U.S. office market is stabilizing following two-plus years of pandemic-driven correction, but noted “considerable debate and speculation” about its future.