Office

“24-hour parking demand is increasing, commensurate with stepped-up downtown multifamily and hospitality development,” says Cushman & Wakefield's Ryan Larkin.

Since 2010, over 4,000 multifamily units and 22,000 single family residential units have been delivered to the City of Redmond, with an additional 1,300 units currently approved and permitted.

As previously reported by GlobeSt.com, New York-based PCCP acquired Cumberland Center II for $68.3 million in May 2018.

The office vacancy rate remained relatively flat in the second quarter, but new office product is being absorbed.

Websites should be commonplace today for every property, but apps are also becoming the preferred way for tenants to communicate with management.

CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.

Leases 35 years or longer could trigger property tax reassessments, but Gary Glick of Cox, Castle & Nicholson LLP has advice on how to avoid triggering a reassessment.

The co-working firm has become the second largest private office tenant in New York City and has more than 50 offices in the New York City area.