Office

Savvy commercial real estate professionals keep property-tax planning on their checklists for acquisitions and capital projects.

The vacancy rate has ticked up due to new completions, but the migration of suburban firms continues.

Darby, the president and CEO of The Beach Co., a full-service real estate brokerage, development, management and construction services business, says office tenants are looking for space that is fully-equipped and with all the amenities that will keep their respective workforces productive and happy.

In building its New York operations in the downtown location, the Walt Disney Company also sold its Upper West Side campus to Silverstein Properties.

New ownership plans to upgrade building infrastructure and improve the overall tenant experience at the property.

The job rate has grown at an annual rate of 2.2%, most of the office buildings that were damaged by Hurricane Harvey have been rehabbed and developers remain disciplined with lead tenants in place.