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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.
The national office vacancy rate jumped by 10 basis points to 17.1%. REIS forecasts that the national office vacancy rate will rise to 19.3% by year-end and peak at around 20% in 2021.
B and C buildings tend to be occupied by small businesses less likely to recover from the economic impact of the health crisis but those owners have an unprecedented opportunity, says Mark Hefner.
Colliers found that overall activity in Tampa Bay CMBS markets in second quarter 2020 started to thaw even though new leasing and investment closings were down.