CBRE, Dallas, said the average amount of free rent office landlords conceded to secure long-term leases climbed significantly in the first quarter.
Tag: Office Sector
Office Demand Approaches Pre-COVID Levels in Some Large Markets
One year after the pandemic started, demand for office space in the country’s largest markets is approaching pre-COVID levels and recovery appears to be looming for several markets, reported VTS, New York.
Work-From-Home Movement Pressures Office Properties
The central business district shutdowns that began just over a year ago dramatically increased remote working and pressure on office properties, said Fitch Ratings, New York.
CBRE: Office Leases Reflect Preference for Renewals, Smaller Footprints
CBRE, Dallas, said renewals claimed more large office leases last year than in 2019, indicating many companies are postponing relocations and other real estate changes until they get clarity on the economic recovery and pandemic response.
Office Sector Still Reeling From Recession
Cushman & Wakefield, Chicago, reported the recession that began in March is still being felt in the U.S. office market.
Pandemic Reaching Office Market
The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.
Reimagining Office While Working from Home
How companies and their workforces will use office going forward is an increasingly popular subject in 2020. There are questions around existing buildings and how landlord business plans and those of their lenders will perform.
Reimagining Office While Working from Home
How companies and their workforces will use office going forward is an increasingly popular subject in 2020. There are questions around existing buildings and how landlord business plans and those of their lenders will perform.
Office Concessions Grow Under COVID
Office landlords are providing more concessions to their tenants under COVID-19, reported Trepp and CompStak.
Office Vacancy Rate Could Reach 20% in 2022
The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote working, it could be particularly hard hit in the coming years, said Moody’s Analytics.