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.
What Are the Top U.S. Cities for Office Conversion?
How much office space is a feasible candidate for conversion to residential use? We look at data on the 30 largest office markets in the U.S. to rank the locations by best-rated conversion potential.
Apple Expands Footprint at 11 Penn Plaza
Apple has significantly expanded its presence at 11 Penn Plaza, a Midtown Manhattan office building owned by Vornado Realty Trust. The tech giant has secured an additional 61,000 square feet, bringing its total occupancy to 460,000 square feet.
Alexandria Real Estate Signs Long-Term Tenant Expansion at San Carlos Life Sciences Campus
Vaxcyte signed a lease for roughly 260,000 square feet of life sciences office space in San Carlos, in Building 1 of Alexandria Real Estate Equities’ San Francisco Bay Area mega campus.
Revlon Joins NEST With Lease for Innovation Hub Relocation
Revlon is the first tenant to lease office space here since Merck vacated the property and will be consolidating several divisions in more than 60,000 square feet of R&D office space at 15 NEST.
How U.S. Commute Times Have Changed in the Hybrid Work Era
The “back to normal” still looks like a slightly different normal in many ways, including commute trends. We look at how commute times have changed since the remote workforce shifted more into a hybrid arrangement, based on the latest numbers released by the U.S. Census Bureau.
Rising Ground Inks New Lease for 27,000-Square-Foot Brooklyn Office Space
Rising Ground, a prominent human services organization, is relocating its downtown Brooklyn office to 111 Livingston St. The nonprofit has signed a 15-year lease for 27,147 square feet on the 19th and 20th floors of the building.
Q3 2024 Office Markets Report: Examining Key Trends in the 100 Largest Office & Coworking Markets
We compared and scored the 100 largest office markets in the US to see which performed best across several key indicators including asking rent, vacancy, loan maturities, coworking growth, deliveries and under-construction pipelines, and more.
CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies
CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties.
Miami Office Tower Changes Hands in Historic Sale
The commercial property changed hands in an all-cash transaction that was one of the biggest sales to close in the state of Florida, to date.
From Rust to Renaissance: The Industrial Heartland’s Long Road to Recovery Continues
For decades, the narrative surrounding America’s Rust Belt was one of decline — factories lying dormant, population decline, urban blight and struggling communities. However, a quiet but determined…
