Office
Adaptive Reuse is Trending Upward: Despite Recent Slowdown in Office Conversions, 120,000 Apartments Underway
Last year, the number of office conversions experienced a 15% slowdown, resulting in just 3,390 apartments.
U.S. Office Sales Total $14.8B Halfway Through 2023Â
From January to June of this year, office properties have been trading at an average price of $199 per square foot.
Exposure to Remote Work Puts Uneven Strain on Tech Markets
Remote work is yet another challenge disproportionately impacting tech markets, pushing up office vacancy rates.
With Distress on the Rise, How Worried Should We Be?
Rising interest rates have pushed loan coupons higher, lenders are cutting back to varying degrees and property fundamentals are weakening.
Tech Sector Woes Continue to Put Pressure on Major Office MarketsÂ
In a challenging economic environment, tech companies continue to trim their office footprint, pushing up vacancy rates.
Q1 Records Only $6.5 Billion in Office Sales as Decreasing Demand Brings 66% Year-over-Year Drop
With so many headwinds impacting the sector, office landlords are faced with tough decisions as the future of offices remains unclear.
Maturing Loans Point to Increased Uncertainty in the Office SectorÂ
With weak demand and high interest rates, refinancing offices will be challenging unless they include solid leases with high-quality tenants.
Weak Demand, Falling Prices and Potential Distressed Activity Predict Muted Sales for 2023Â
Amid economic uncertainties and vacancy woes, the sector is expected to record one of the smallest sales volumes since the Great Recession.
Walkable Urbanism to Drive Future Real Estate Development in the U.S.Â
The 2023 Foot Traffic Ahead report takes an in-depth look at walkable urban areas in the top 35 U.S. metros.
U.S. Office Market Closes 2022 with Still-Rising Vacancies & Declining Sales
Higher interest rates will likely hamper new supply as well as sales activity in 2023, while tenants’ flight-to-quality expected to persist.
