The value of office-leasing concessions – including months of free rent – began to decline in the first half of this year and may be near a peak, according to a new report from CBRE, Dallas.
Tag: Office Sector
More Companies Shifting Office Strategies, CBRE Finds
More companies are shifting their office portfolio strategy toward expansion after focusing on contraction since the pandemic, according to a new CBRE survey.
Fitch Forecasts Office Performance Will Worsen Through 2025
Commercial real estate office loan performance will weaken further as market pressures build, according to Fitch Ratings’ latest U.S. CMBS Office Dashboard.
MBA NewsLink Q&A: JLL’s Adam Dembowitz Discusses the Office Sector
MBA NewsLink interviewed Adam Dembowitz, Senior Managing Director in JLL’s Value and Risk Advisory team, about his views on the office sector.
More Employees in Offices Where Benefits Clearly Communicated, CBRE Survey Finds
CBRE, Dallas, conducted a new survey on in-office work among corporate real estate leaders, finding that leaders and employees remain dissimilar in views. However, CBRE noted, employers that can clearly communicate the benefits of such work have a higher level of attendance.
Tech Industry Leasing More Offices, CBRE Finds
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.
City-by-City Remote Trends Continue to Affect Office Vacancy Rates
CommercialEdge, Santa Barbara, Calif., reported that due to a variance in remote and hybrid work, some cities’ office markets remain more vulnerable than others, affecting metrics such as vacancy rates, rental prices, sales and pipelines.
Small-Cap Office Buildings Buck Concerns in Q1
Conventional thinking says the office market is in crisis, but Boxwood Means, Stamford, Conn., found small-cap office properties aren’t seeing the same trends.
CBRE Projects Office Market Imbalance to Improve as Construction Cools
CBRE, Dallas, reported the supply and demand imbalance in the office market should begin to ease as the number of planned new office developments falls in the next few years.
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.