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Cushman & Wakefield's Q2 report also reports that the current bright spot in the District is the CBD Class B market, which has tightened as space has been renovated into Class A.
The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.
“The nature of work is changing; today's employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.
VyStar Credit Union approached the ownership about its interest in the building at 76 S. Laura St. earlier this year and a purchase and sale agreement was signed within three weeks of the initial meeting between the buyer and seller.