Leasing

The company has executed more than 508,000 square feet in new or renewed leases in 2020; while declaring an increase in average rent rates.

JLL has been named the exclusive leasing agency for the 45,000-square foot site in Sunset Park.

It is a new flexible office solution that will allow companies to occupy their own spaces for lease terms that are more in-line with v2.0.

"How quickly public health improves and if it can be sustained remain the biggest unanswered questions for determining the pace of economic and retail recovery," Cushman & Wakefield says.

Twenty-five percent of small landlords have borrowed money to cover operating costs.

The Phoenix office market completed its 33rd consecutive quarter of growth in the second quarter, despite the economic disruption.

Breakthough Properties has executed a 263,500-square-foot lease for its laboratory development, which is slated for completion in early 2022.

Despite the market uncertainty, healthcare tenants have been carried forward with lease deals, both long-term and short-term.