Office

“In analyzing renovated buildings, we found that any gain in rent, averaging 7%, was typically offset by the cost of renovation.”

The latest deals, transactions and trends in the Midwest.

Altus Group says CRE executives also are concerned about the impact of natural disasters on the US economy in 2018.

The New York Times is renting 126,427 square feet at its 620 Eighth Ave. headquarters to the electronic trading network.

The DFW market recorded the weakest fourth quarter since 2014 and marked a 29% drop in sales volume year-over-year, and the weakest year since 2014, when the total dollar volume stopped short at $4.7 billion.

Transwestern has been retained by Brookfield to provide leasing services for the mixed-use campus at 909 Fannin St. in the CBD comprised of 4.2 million square feet of office and retail space.

Many thought it might slow down a bit, but the second half of the year was quite active.

Co-working operators have been a disruptor in the office market, but owners are beginning to open up to these lease deals.