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Despite this increase, the overall rate is expected to remain below the long-term 15-year historical average.
Cushman & Wakefield said that oversupply challenges should be short-lived.
Feds tap firm to manage San Francisco landmark's commercial space.
Investors, developers, and residents showing more interest, according to Cushman & Wakefield.
It has also signed some significant leases in other properties.
Our annual picks for influencers in the senior housing and healthcare sectors.
Other New York neighborhoods are also attracting high-end retailers.
A calculation on how much space per worker companies have needs some clarification.
Meanwhile investors appreciate the asset class' stable cash flow.
But the company doesn't expect things to improve overall until mid-to-late 2024.