CBRE's Manhattan MarketFlash notes 33 office leases signed last year were for more than 100,000 square feet with 11 transactions for spaces greater than 250,000 square feet.
“Construction of new property continues as firms look for higher returns, putting into question levels of new supply as economic uncertainty remains,” according to Morningstar's forecast for the REIT sector.
The final 90 days of 2017 marked the first quarter of positive net absorption in the Houston office market in 18 months, while the overall net absorption quietly trended positive in fourth quarter, says CBRE.
The question for this year is “how much more steam is left in the market, whether the deceleration will continue or if it will level off or turn negative,” says Yardi Matrix.
Following a summer slowdown, industrial tenants leased 13.9 million square feet during the final three months of the year, representing a 52.8 percent jump quarter-over-quarter.
There are more first-generation college students than any time in history, and many of those students come from families with more modest income. In part 1 of a two-part story, GlobeSt.com speaks with Pierce's Fred Pierce about how the sector is reacting to this shift.
Twenty-five new lease transactions greater than 25,000 square feet occurred in the Chicago suburban office market in 2017 compared to 19 transactions in 2016.