Browsing: office buildings
Office vacancies set a new all-time high, ‘breaking the 20% barrier for the first time in history’
The talk of office and its pandemic-powered apocalypse might have died down, but the sector’s troubles haven’t. If anything, four…
Commercial real estate bargain hunters are snagging offices for ‘extreme’ discounts up to 70%
It’s no secret that commercial real estate has been struggling the past few years. The sector is still reeling from…
A NYC office building will sell at such a discount that it’s 67% less than the purchase price and below what’s still owed on the mortgage
A New York City office building owned by a Related Cos. affiliate is set to be sold at a steep…
From NIMBYism to an office disaster that ‘never happened before’ to the permanence of remote work, real-estate execs on housing ‘defying gravity’
Before introducing two real-estate executives at the Fortune Future of Finance conference on Thursday, senior editor-at-large Shawn Tully remarked on…
Tired: Office conversions to residential. Wired: Turning dead malls and suburban shopping strips into apartments
America’s housing shortage has gotten so bad, politicians are looking left, right, underfoot, and downtown to see what we could…
Finance returns to office as Wall Street North (NYC) and South (Miami) blow other markets out of the water with cubicles over 80% full
The return-to-office rate in New York City has reached a fever pitch, with a leading provider of foot traffic data…
Office values will plunge another 25% in ‘worst-hit metros,’ Capital Economics says—and that’s bad news for San Francisco and Seattle
Things may have quieted down in the commercial real-estate world, but offices are not in the clear. After all, interest…
Amid commercial real estate crash, offices are ‘once in a generation’ buying opportunities, top developer says
It’s been 30 years since the commercial real estate market was this bad—and that represents a generational entry point for…
Older office buildings ‘will be stranded,’ says Morgan Stanley: ‘They simply don’t have long-term cash flow growth potential’
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said. Many older…
Chicago mayor announces $1 billion revamp of vacant downtown buildings amid commercial real estate crisis
Chicago Mayor Brandon Johnson is proceeding with a revamp of empty downtown buildings initially estimated at $1 billion in an…