Leasing

The sublease supply has increased more than 1.5 million square feet since the start of the pandemic.

The first quarter numbers were particularly low due to a lack of high-profile, blockbuster deals.

Smaller office tenants have typically been occupants without much negotiating power. Now, in this post-pandemic era, they are finding their voice.

System1 leases a 50,000-square-foot freestanding office building in Marina del Rey, relocating its headquarters from Venice.

The market has "undergone tremendous change over the past few months," according to Brad Peterson of JLL.

A turbulent 2020 only made the office market stronger, and it's taking the renewed fortitude and versatility into a recovery of increasing opportunity.

Advanced Medical Properties has sold the class A, three-story medical office building, which is 100% leased to USC's Keck School of Medicine. The transaction sets a record price per square feet in Orange County.

The Short Hills, NJ off market expansion is one of the largest commercial deals in the area's recent history.