Office

Smaller office tenants have typically been occupants without much negotiating power. Now, in this post-pandemic era, they are finding their voice.

The average asking price for office assets on Crexi showed a 5.13% gain over Q4 numbers.

System1 leases a 50,000-square-foot freestanding office building in Marina del Rey, relocating its headquarters from Venice.

Sale listings increased and the average asking price per square foot rose 5.6% from Q4 2020.

From pro forma metrics to questions about its business model, WeWork's plans are raising doubts in some quarters.

Office rents in Midtown Manhattan are down 20%, producing of up to $300,000 for the same savvy tenants.

Longfellow Real Estate Partners plans to convert the 250,000 office complex into a life science facility as nearly 200,000 square feet in leases turn over the next three years.

A turbulent 2020 only made the office market stronger, and it's taking the renewed fortitude and versatility into a recovery of increasing opportunity.