office
Five Years Into Remote Work, the Push to Return to the Office Grows
The Covid-19 pandemic sparked a shift to remote work, but even companies that once embraced it are now changing their stance. In recent months, employees at major corporations like Amazon, […]
Read More....Owner-User Office Deals Drove NJ Sales in 2024
New Jersey’s office sales market is showing signs of recovery, with opportunistic buyers capitalizing on well-located properties at attractive valuations, according to the latest CoStar data. Office sales above $5 […]
Read More....NYC Office Return Boosts Real Estate Hopes
Investors, including Blackstone and high-net-worth individuals, are eyeing New York office properties as companies call employees back, fueling a nascent recovery in the commercial real estate market. The rising demand […]
Read More....Park Avenue Office Availability Hits 6-Year Low
Park Avenue, one of New York City’s prime corporate corridors, is making a strong comeback after the pandemic downturn. The office availability rate fell to 8.2% in the fourth quarter […]
Read More....Federal Cutbacks Threaten Philly’s Office Market, WCRE’s Todd Monahan Weighs In
WCRE’s Managing Director, Todd Monahan, was recently quoted discussing the potential impact of federal cost-cutting measures on Philadelphia’s office market. As the Trump administration looks to reduce government spending, one […]
Read More....Office Market Signals End to NYC’s Return-to-Office Push
The commercial real estate industry has long sought signs of stability and growth in the office market. At Commercial Observer’s Fall State of Office Forum, Ben Brown, managing partner and […]
Read More....NYC Leasing Controversy Reveals Office Surplus
New York Mayor Eric Adams’s challenges grew last month when the Manhattan district attorney launched an investigation into the agency managing the city’s $1.5 billion real estate portfolio. On Tuesday, […]
Read More....Another Tech Giant is Requiring Some Employees to Return to the Office Full-Time
Following Amazon’s decision to return to a full in-person workweek, some of the world’s largest tech companies are increasingly pushing employees back to the office, as executives grow less fond […]
Read More....Why Are Office Rents Still Rising? It’s Complicated
You may be asking Why Are Office Rents Still Rising? When office vacancy rates hit record highs and tenants return space in large numbers, you’d expect rental rates to drop. […]
Read More....Study finds New York Retail Availability Hits Record Low
New York’s office sector continues to face high vacancy rates, but the retail market is seeing a stronger recovery from the pandemic. According to a JLL study, retail availability in […]
Read More....Office Attendance is Rising, but Not for all Employees
The combination of these trends has led to significant milestones in post-pandemic office attendance, though certain metro areas and employees are bucking the overall trend. According to Placer.ai’s Office Building […]
Read More....Major Banks Report Spike in Noncurrent CRE Loans
In many U.S. cities, once-bustling office buildings now stand eerily quiet. Higher office vacancies are not only reducing net operating income for building owners but also increasing the percentage of […]
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