Office

While there is concern that the co-working market will have a negative impact on direct office leasing, today, the market is helping to fuel leasing activity.

The search engine tech company has pushed Hudson Square's office leasing space availability to a record low and Transwestern says what this means for TAMI tenants.

Beyond rent considerations, companies often overlook the fact that they can realize even more significant savings—sometimes more than $1 million—if they think strategically and adopt a “project-centric” rather than a “transaction-centric” approach.

Developed by Wexford Science & Technology in partnership with the University City Science Center, the building is now 90% leased.

Traditional law and professional services firms once dominated the market, but more than 42% of office leases signed in 2018 were from new industries.

The historic SoHo building owned by Stephen Meringoff and Jay Shidler was restored by PBDW architects.

Transwestern Commercial also announced today its Mid-Atlantic Multifamily Group has been named the exclusive agent for the sale of Ashton Heights, a 283-unit, high-rise apartment community at 3901 Suitland Road in Suitland, MD.

The deal brings 225 Franklin St., a 33-story, 943,605-square-foot office building to nearly 90% occupancy.