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Vacancy rate declines for the first time since 2022 as wave of new construction ebbs.
Leasing activity hit 3.4M square feet in the first quarter.
Ports chief expects logistics-driven region to see 10% drop in cargo.
Blackstone unit’s deal for 631,000-square-foot complex bets on long-term life science demand.
GSA adds Frank Hagel Building to the offload list in an area where an office traded at a 70% discount.
New player builds $1B annual deal flow with speedy all-cash sale-leasebacks, “lightning leases.”
Thousands of K-12 students displaced by the Palisades wildfire will occupy 200K square feet in the city.
Operating efficiency, not cap rate compression, will deliver returns in the next decade.
An impending wave of M&A activity signals confidence in continued growth.
It may take a year or two to absorb deliveries and burn off concessions.