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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Construction completions are expected to fall over the next few quarters.
The sector continues to grind out bad news.
Starbucks is still a dominant presence, but competitors are offering landlords a better deal.
Consumer confidence remains key in shaping these trends.
Vacancy fell this year and asking rents increased despite a robust pipeline of deliveries.
"Companies that do get hybrid right will outperform their competitors."
The deal will give the investment service firm the 12th, 21st, 23rd, 34th, and 35th floors.
The market is poised to see a boom.
It also plans to open 60 new locations by 2027.
CMBS fixed-rate conduits hit 4.46% distress while Freddie Mac K-series securitizations don’t even crack 0.20%.