Premium office space in urban cores in many established cities worldwide is proving resilient amid the pandemic, retaining a high demand from tenants compared to less central or suburban locations, according to a new JLL report.
One Vanderbilt, a 93-story skyscraper in New York City, was completed in late 2020. At the start of 2022, it has almost no spare office space for rent.
A similar pull to buildings that tout best-in-class facilities has been seen across the US' biggest city, including other relatively new projects like 425 Park and 50 Hudson Yards, as companies upgrade their offices as part of an effort to lure employees away from their work-from-home lives.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
