Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
An agile workplace is one that successfully balances the people, places and processes of an organization, and one relatively new agile workspace provider to the scene is rapidly expanding Knotel.
The price of oil is stabilizing, which is favorable for all sectors, but especially the office sector as businesses gain confidence and start to expand again; properties with no Harvey damage are most desirable.
A joint venture of Trammell Crow Co. and Elm Tree Funds was awarded a 20-year build-to-suit lease in August with the General Services Administration for the project.
"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”
Office tenants and employees are seeking extremely walkable locations with direct access to transit and amenities, and MODA Tower is precisely aligned with these proximity demands.