Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
This sector has been reinventing itself for millennia, and it will continue to do so, meaning now may be the time to buy more retail properties, CBRE's Spencer Levy tells attendees at Wednesday's CREW San Diego event.
“The Philadelphia region is particularly well-positioned with a strong industry presence in University City, the Route 202 corridor, and the Navy Yard, among others," says CBRE's Ian Anderson, lead author of the report.
Although the Galleria is known for its smaller deal size relative to CBD occupiers, recent long-term commitments by several large tenants are evidence that the submarket is still capable of attracting large users.
Pinnacle Tower checked the boxes on the amenities Guidestone employees wanted: secured underground parking, nearby dining and on-site fitness center, combined with its cost savings.
The firm acquires a 197,370-square-foot, two-building office asset here from the Colton Co. and plans to invest approximately $15 million to reposition it, including a reworking of the shared outdoor area between the buildings.
2018 is poised to be a strong leasing year based on current tenant demand, limited new construction and steadily increasing rental rates, JLL's Tim Olson tells GlobeSt.com. We speak with him about the submarkets where space is in greatest demand.