Leasing

Northern Trust has been a tenant at Saint Ann Court for five years and expanded from 8,000 to 13,000 rentable square feet at Harwood 6–Saint Ann Court, allowing its professionals to work under one roof.

The Wall Street money manager cites lower state, city and property taxes as a reason for its move.

The Bay Area is without question one of the strongest US office markets, as demand for transit-oriented future-ready workspaces continues to generate leasing momentum across the region, says CBRE.

“Juncture is one of the highest quality assets in Alpharetta, a submarket which has benefited from job and population growth," says Mesa West Capital principal Ronnie Gul.

In the first quarter, the Orange County vacancy rate increased 80 basis points, and with more companies' rightsizing, the vacancy rate is likely to continue to increase.

With limited supply and dynamic demand, industrial rents are expected to increase as much as 10% in the next 12 months.

“Since acquiring the property, Soma and Northlight have worked diligently to make 5 Becker Farm Road into one of the most sought-after class-A office properties in Roseland, New Jersey,” says CBRE's Daniel Casey.

GlobeSt.com chats with Miami attorney Steven D. Weber with Weber Law about what landlords can do to proactively protect their properties and prevent some tenants from breaking their leases.