{"id":1004774763,"date":"2025-10-16T03:56:38","date_gmt":"2025-10-16T11:56:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004774763"},"modified":"2025-10-16T07:23:50","modified_gmt":"2025-10-16T15:23:50","slug":"wire-special-report-office-remains-resilient-in-major-markets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wire-special-report-office-remains-resilient-in-major-markets\/","title":{"rendered":"WiRE Special Report: Office Remains Resilient in Major Markets \u00a0"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a09a91d4f43a&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004774764\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wire-special-report-office-remains-resilient-in-major-markets\/wireofficepanel\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"WiREOfficePanel\" data-image-description=\"&lt;p&gt;photo taken of the panel by Mikayla Sciortino at the conference in New York City in October 2025&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The office panel at the Women in Real Estate conference in New York City discussed how the office sector is major metros has remained resilient and what tenants want from these spaces. Image courtesy of Mikayla Sciortino &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png?w=800\" alt=\"The Office panel discussion at the 8th National Symposium of Women in Real Estate conference in New York\" class=\"wp-image-1004774764\" style=\"width:711px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/WiREOfficePanel.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The office panel at the Women in Real Estate conference in New York City discussed how the office sector in major metros has remained resilient and what tenants want from these spaces. <em>Image courtesy of Mikayla Sciortino<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The eighth national symposium of Women in Real Estate in New York City brought together emerging and seasoned professionals to discuss major industry topics, from finance to construction and everything in between.<\/p>\n\n\n\n<p>Across every panel, one topic stood out: New York City&#8217;s office market continues to show strength, resilience and a steady demand, despite the sector\u2019s recent slowdown.<\/p>\n\n\n\n<p>Though there was a dedicated office panel, the theme surfaced in the financing and economic outlook session as well: leaders said New York City&#8217;s market fundamentals are solid and poised to remain so as demand for Class A space and return-to-office policies take hold. San Francisco and Washington, D.C., were also cited as seeing increased return-to-office numbers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-do-tenants-want\">What do tenants want? <\/h2>\n\n\n\n<p>The office session was led by panelists Laurinda Martins, partner &amp; co-chair of the real estate department at Fried Frank, Christina Chiu, president at Empire State Realty Trust, EB Kelly, senior managing director &amp; head of Rockefeller Center at Tishman Speyer, Cynthia Wasserberger, vice chairman at JLL and Lauren Young, managing partner, investment real estate at Brookfield Asset Management.<\/p>\n\n\n\n<p>Each panelist shared insights into what they have noticed tenants want from their office spaces. They also shared that they have been incorporating outdoor and community spaces as a key amenity to Class A trophy buildings. From rooftop gardens to nearby parks, tenants respond positively to spaces where they can gather.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/qa-its-a-good-time-to-put-capital-to-work\/\">Why It\u2019s a Good Time to Put Capital to Work<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Access to public transit helps explain why New York City\u2019s office sector now shows its highest leasing since 2020 and the lowest vacancy in five years.<\/p>\n\n\n\n<p>\u201cLocation matters. The idea of build it and they will come is over,\u201d Chiu said in the discussion.<\/p>\n\n\n\n<p>The finance panel featuring Jillian Mariutti of JLL also echoed how lenders are ramping up their investments in office deals. During that panel, she noted that lender participation in office deals has jumped 162 percent compared to last year, highlighting the market\u2019s resilience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-adaptive-reuse-opportunities\">Adaptive reuse opportunities <\/h2>\n\n\n\n<p>Office demand is concentrated in newer Class A, trophy assets in major metros. When asked about the outlook for Class B\/C and other distressed offices, panelists pointed to adaptive reuse. Across Manhattan, the rise of office-to-residential is adding rental units to the housing stock, as long as these buildings have a good basis.<\/p>\n\n\n\n<p>These conversations have also led to more creative ideas. Starting out the day, finance panel moderator Christine O&#8217;Connell of King &amp; Spalding said that the commercial real estate industry is like &#8220;walking on a tightrope with a blindfold on,&#8221; since it&#8217;s unpredictable. Multiple panelists agreed that strategies in real estate are always evolving.<\/p>\n\n\n\n<p>Retail illustrates this, since it fell off with the rise of <a href=\"https:\/\/www.commercialsearch.com\/news\/from-online-to-onsite-are-retail-environments-ready\/\">e-commerce<\/a>, but is starting to stabilize. So, taking this imaginative approach to office, could be combining the &#8220;live, work, play&#8221; mentality that has been on the rise in mixed-use developments. This way, investors might gain an alternative strategy to extract value from aging office assets.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panelists explore demand drivers and opportunities for the various asset classes. <\/p>\n","protected":false},"author":3749,"featured_media":1004774764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21783,1600,21742,10,21747],"tags":[],"class_list":["post-1004774763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-investment","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WiRE Special Report: Office Remains Resilient in Major Markets \u00a0 - 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