Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
Office Pipeline 2025: Construction Slowdown Expected to Stabilize Vacancy Rates
Following a 44% year-over-year drop and standing at an estimated 55 million square feet, the total volume of U.S. office space under construction this year is the lowest it’s been in a decade. Even so, a look at construction activity across U.S. markets reveals Boston’s continued dominance (8.7 million square feet), despite the shrinking pipeline.
Amazon Partners With WeWork to Expand Footprint at Five Manhattan West
Amazon and WeWork are partnering again, this time at Five Manhattan West in Hudson Yards. The coworking firm has executed a 112,265-square-foot sublease at the Brookfield Properties-owned office building for the e-commerce giant to secure space that was previously held by the Interpublic Group of Companies.
Fisher Brothers Secures New, 10-Year Loan for 299 Park Ave.
Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.
New Headquarters Building Breaks Ground in Washington, D.C. Suburb
HITT Contracting begins work on new headquarters office space in suburban Washington D.C. with a commitment to sustainable building practices and innovation in construction technologies.
Q4 2024 Office Markets Ranking Report: Office Deliveries Slow, Coworking Scene Continues Expansion
Boston and San Diego lead the ranking among office markets larger than 100 million square feet, while Miami scored highest among mid-sized markets in Q4 2024.
Teladoc Health Expands & Moves Headquarters to 10 Grand Central
Teladoc Health has renewed and expanded its lease at Marx Realty’s 10 Grand Central. The company doubled its office space to 15,000 square feet in a 10-year agreement. This move coincides with Teladoc Health’s relocation of its corporate headquarters from Purchase, N.Y., to New York City.
Carr Workplaces Opens New Coworking Space in Washington, D.C.
The new Washington, D.C. Capitol Hill coworking space is conveniently located within close proximity of several landmarks of significant historical and political importance.
Park Avenue Manhattan Office Tower Fetches $360 Million
The high rise at Two Park Avenue sold in one of the largest transactions of office space in Manhattan in 2024. Claiming a price tag of roughly $360 per square foot, the property is now owned by Haddad Brands.
No-Fault Group Expands HQ at New Coral Gables Location
The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.
Construction Complete on Office-to-Residential Conversion in Downtown Dallas
Dallas ranked among the top 20 U.S. cities for office conversion, and the Santander Tower adaptive reuse project to turn 14 office floors into residential space is just the latest in a string of successful mixed-use deliveries.
