"This seems to be a case of the first impression in South Florida that will likely be relied upon by other jurists as litigation regarding force majeure provisions move through the court system," said an attorney for the landlord in this case.

There is only $15.4 billion in non-performing loans on the books with another $2.1 billion in foreclosed properties.

Early data indicates that a strong rebound is building in the gateway cities, where office leasing activity has increased the most.

Virtually all categories are expected to show a jump in May, reflecting pent up demand among consumers.

"The question we are asking: What is the highest and best use for the property?"

Only one out of 10 working consumers said nothing would making them feel comfortable working in an environment around other people.

Tech employment is expected to grow this year.

KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.