10Y UST5.31%+0.57%30Y MTG7.28%+3.56%SOFR3.90%+0.26%VNQ$88.71-1.36%XLRE$40.56-1.30%FED FUNDS3.88%
Real Estate Trail
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Connect CRE · Vail · Office

Amazon Puts More Than Half of New Seaport Space Up for Sublease

Via Connect CRE · October 7, 2026
Compiled by Real Estate Trail Editorial · October 7, 2026

Why this matters

Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Vail land basis continues to clear at new highs in the village and adjacent submarkets. Luxury hospitality remains supply-constrained and tightly held. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Amazon⁠ has put 375,000 square feet of its second Seaport office building occupancy up for sublease, with a January 2027 availability, according to a report from Hunneman. The retail and tech giant’s move at One…
Read the full article at Connect CRE →

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