At a time when many office assets across the U.S. are trading at steep discounts — or not trading at all — a fully leased property in Jacksonville, Fla., has changed hands in a traditional,…
Category: Office News
Walmart has signed a 338,000-square-foot lease at Tech Corners, a Sunnyvale, Calif., office campus owned by Jay Paul Company. The deal, covering two buildings, is the largest new office lease in Silicon Valley since 2023.…
The firm dished out $105.5 for a property in Lower Manhattan, highlighting the area—and the entire Manhattan market as a whole—as one where interest in high-profile office properties are beginning to see demand once again.
The story of Chicago’s office market continues to revolve around its biggest buildings — and its biggest challenges. Willis Tower, the city’s largest office asset at 233 S. Wacker Drive, is a prime example. Once…
Amazon has purchased the vacant office building at 522 Fifth Ave. for $456 million, adding to its growing footprint in Midtown Manhattan. The 23-story, 600,000-square-foot property is located at the corner of 44th Street, which…
Manhattan’s office market is firming up. The borough’s vacancy rate dropped to 16.5% in March 2025, down 110 basis points from a year earlier — one of the sharpest year-over-year declines among major U.S. markets…
Chicago’s office market continues to face distress-driven pricing with sale prices falling sharply. According to CommercialEdge, through February 2025, office assets traded at an average of $67 per square foot — the second-lowest among major…
Manhattan’s office market continues to show signs of a comeback. Vacancy rates are tightening, investor confidence is growing and major companies are recommitting to the city’s office spaces. At the forefront of this shift is…
Miami retains one of the country’s lowest office vacancy rates — although, like the national trend, its rate has risen steadily in recent years: As of January 2025, CommercialEdge reported that Miami’s vacancy rate was…
Philadelphia’s office vacancy rate reached 19.6% in January – an increase of 570 basis points from the previous year and the highest in the Northeast. While this figure is just below the national average of…
