Office

It is no longer about just simple occupancy.

There are physical difficulties to a conversion plus financial constraints.

Deal on space occupied by Amazon comes as firm tells court to expect more lease cancellations.

There is underlying structural demand for office space along the quality and pricing spectrum.

Archdiocese of New York sells rights over St. Patrick's Cathedral for $164M.

42% say they seek more space compared to less than 10% who said so in December 2022.

Overall leasing activity dips to 2.1M SF as big-ticket deals are scarce.

Buys building from Kaiser for $26M, will spend up to $100M to earthquake-proof it.