Office

Kastle's weekly occupancy average sags to 40.5%, with declines in all 10 cities surveyed as inflation crimps RTO push.

But that's one study. Another sees a somewhat different and more complicated March.

The developer acquired a 40,888-square-foot land site in Downtown Bellevue for the project.

"The working model of coming in five days a week is something that we aren't going to see for a while in some industries," according to Rob Gilman of Anchin.

823 Congress, a 190,254-SF office and retail property, has been acquired by DRA Advisors and Pillar Commercial.

The joint venture bets that flex offices, a good fit for hybrid work, will occupy 30% of office space by 2030.

Blackstone will acquire a 27 million square foot portfolio of a variety of asset types in California, Miami, Texas and Northern Virginia.

CBRE says there is ample evidence that many companies are in the midst of a gradual return to the office.