Office

Often perceived as a solution for startups, they can aid real estate and workplace strategy.

The move allows the company to prepare the building for a new wave of tenants.

But TI allowances are still not keeping pace with construction cost increases.

The activity was led by large deals.

Class B and C rents continue to fall, drawing tenants that want ‘cost-effective options.’

After a 2023 bottom, office investment rebounds, at least for the right properties.

Some new features for the office building include a curtain wall and a 430-foot long blockfront.

Still, GSA plans to terminate another 660 leases.