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.
Texas Triangle Dominates List of U.S. Cities with Most Vacant Land Available
Cities rise and fall based on the decisions they make regarding the best use of their resources — whether that’s the local talent pool, housing stock or business…
Novo Platform Joins BNP Paribas & Banco Master at 801 Brickell
Fintech company Novo Platform is the latest name to sign a lease at Miami’s 801 Brickell, following recent deals inked by São Paolo-based digital bank Banco Master and…
A Walkable Future to Look Forward To: How Walkability Affects Housing & Commercial Real Estate
The years following the onset of COVID-19 have led to a series of changes in the wider economic landscape. These then prompted the real estate industry to adapt…
Expert Insights: Aaron Rudenstine Talks New York CRE, Proptech & More
For our latest interview in the Expert Insights series, we had the pleasure of chatting with Aaron Rudenstine. Aaron is the CEO of ButterflyMX, a Venture Partner at…
Touro University Expands Its Footprint at 3 Times Square
Rudin Management — one of the largest owners, operators and developers of best-in-class real estate in New York City — announced a new lease at its Midtown office…
Expert Insights: Meagan McCollum on the 2023 Office Market
For our latest installment of the Expert Insight Series, we had the pleasure of speaking with Meagan McCollum, assistant professor of finance at the University of Tulsa. Meagan…
Ranking the Largest U.S. Coworking Operators
Given the recent context of the fundamental changes in how and where people work, CoworkingCafe has released a ranking of the largest coworking operators in the U.S.
Office Pipeline 2023: Tight Race Between Manhattan & Boston for Top Spot
Manhattan & Boston lead the list of office projects under construction
Austin, Charlotte & Nashville on course for largest projected market expansions
Largest office development in the pipeline is Brookfield’s 2 million-square-foot Midtown tower
Arlington and Chicago offices highest ranking under construction projects outside of NYC
Construction of nearly 1 million square feet of Amazon-leased office space on hold in Bellevue
2022’s Top 50 Most Expensive Office Sales
Midtown manhattan’s 245 Park Ave. was 2022’s most expensive office sale. However, the top 10 list included 8 other markets, underlining the degree of interest that commercial real estate investors have for office markets besides NYC.
KKR Moves into Meta’s Old Offices at 30 Hudson Yards
The private equity firm’s expansion coincides with a number of important shifts in the New York office market. As part of a wider effort to downsize and consolidate its office portfolio across the U.S., Meta spent roughly $413 million terminating leases in the third quarter of 2022, with an additional $900 million directed toward office realignment in the fourth quarter. Likewise, other tech companies — which had been the major driving forces behind office development in recent years — have also taken a more cautious stance amid layoffs and increasing costs of borrowing.
