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Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
A real estate developer is moving its Brickell office to the new One Cocowalk office building, and the second story of the shuttered Gap store is being converted into offices.
A Q&A with Savills' Doane Kelly reveals that knee-jerk reactions to office occupancy, while understandable, won't prevail once things clear up regarding the lasting effects of the pandemic.
Manhattan fell from its perch as one of the top two markets for liquid commercial property and was replaced by two Europe-based cities. However, the global market is collectively reeling from COVID-19's impact.
The rise in the special servicing rate was tied primarily to the retail and lodging industries and continued a consistent increase in the rate that started in March.