office
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 […]
Read More....Philadelphia REIT Benefits From Leasing Momentum
The balance between office tenant downsizing and expansions is now favoring some landlords again, according to executives from one of the country’s leading real estate investment trusts. Brandywine Realty Trust, […]
Read More....Office Attendance is at a New High
June marked a significant turning point in post-pandemic office attendance, according to Placer.ai’s Office Building Index. The data reveals that nationally, office attendance was down only 29.4% compared to June […]
Read More....Office Leasing in Manhattan is Improving
The Manhattan office market is showing notable improvement as we enter the second half of the year. Key indicators of this improvement include a potential peak in the overall office […]
Read More....Office Landlords Prefer a Type of Tennant
Many office landlords today are grateful for any lease they can secure to fill vacant space, but they do have preferences. Companies in the legal, banking, finance, and insurance industries […]
Read More....Office Building Being Sold for Less than Morgage
An office building in New York City, owned by an affiliate of Related Companies, is set to be sold at a steep discount. Empire Capital Holdings and Namdar Realty Group […]
Read More....Rising Risk in Office Lease Exposure
The long-term nature of office leasing has delayed the market’s adjustment to the changes in office utilization triggered by the COVID-19 pandemic, allowing building owners to maintain some income from […]
Read More....Helping Employees Move from Burnout to Belonging
Are you bringing home more from your job than just a paycheck? A 2023 study by the American Heart Association found that burnout—chronic, unmanaged workplace stress—is on the rise, with […]
Read More....NYC Offices Turning into Residential Conversions
New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some. According to the […]
Read More....Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]
Read More....Center City Leaders Prioritize Residential Growth Amid Office Slowdown
Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to […]
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