office
Anticipate an Increase in Tax Appeals Amidst Growing Discrepancies Between Office Valuations and Assessments
Office property owners nationwide are grappling with an additional challenge amidst increased vacancies and diminished demand, which is resulting in reduced building values and subsequently higher property tax bills. The […]
Read More....Amazon Plans to Cut Leases and Shrink Office Space
Amazon (AMZN), the renowned tech and e-commerce behemoth, is devising a strategy aimed at saving $1.3 billion through substantial reductions in office space and the early termination of leases. Over […]
Read More....Office Features’ Impact on Tenant Premiums
In recent years, office tenants nationwide have downsized their real estate holdings, but certain building features not only retain tenants but also command premium rents. Amenities like roof terraces, sky […]
Read More....Increase of Medical Office Leases in New York
More New Yorkers can anticipate the arrival of medical providers in their neighborhoods soon. According to a report by JLL, the medical office inventory in New York City reached 6.3 […]
Read More....Fresh Incentives are Targeted at Kickstarting the Conversion of Office Buildings
For years, municipalities have utilized incentives to stimulate desired investments or address persistent issues requiring private-sector involvement. Presently, city officials are rolling out or enhancing programs to promote office-to-residential conversion […]
Read More....The flight-to-Quality Trend in the Office Market has Unique Nuances
The emphasis on state-of-the-art “trophy” office spaces is often highlighted as a primary factor influencing corporate site decisions, particularly in the post-Covid-19 era. This preference may primarily stem from the […]
Read More....The Conversion of Philadelphia’s Office Buildings Needs to Commence Immediately
The COVID pandemic has left an indelible mark on our collective memory, reshaping the way people work and where they work. In the Philadelphia area, the blending of home and […]
Read More....New Rules for Office Dress Code
As companies recall employees to the office, many are adopting a more relaxed dress code in exchange for the return commute, according to Andy Medici of The Playbook. A survey […]
Read More....Office Leasing Activity Increases But Remains Well Below Pre-Covid-19 Levels
Office leasing activity has shown signs of improvement in recent months, although it remains below pre-pandemic levels. According to VTS Inc., a commercial real estate leasing and asset-management platform, the […]
Read More....Goldman Sachs Further Backs New York Office-to-Residential Conversion
Goldman Sachs to Originate $395 Million Loan for Refinancing of 70 Pine St., a Former New York Office Property Converted to Residential Use Goldman Sachs is set to originate a […]
Read More....NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels
In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan buildings climb to 67% of 2019 levels, as reported by the Real Estate Board of […]
Read More....Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities
An alarming number of leases are poised to expire in the next five years, posing a potential prolonged challenge for the U.S. office market. Recent analysis by CRED iQ, a […]
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