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Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Owner-occupier deals surged 36 percent in the year-to-date through the third quarter of 2024.
The buyers include Kohan Retail Investment Group, Katan Realty Group, and Ilya Mikhailov.
Additionally, the landlord will invest $300 million in the asset.
Also, vacancies were at a record high.
This could influence other companies to do the same.
There are bright spots in the multifamily, office, retail and industrial sectors.
About 15 million square feet of legal sector leasing is expected for 2024.
Leasing volume soars to 2.4M square feet in Q4 as the availability rate drops by 160 bps.
The deal kicks off what many believe will be a banner year for SASBs.
A byproduct might be that companies are more successful in getting employees back to the office.