Fukuoka City Center Office Vacancy Rate Falls to 5.0% in October; Large Tenjin Deal Contributes
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. 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
- Disclosed office deal value tracked in November 2026: $7.6B across 42 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Office
Phoenix Office Building Goes for $32M
Concord Place, a six-story, 135,841-square-foot office building in Phoenix, sold for $32 million. The property, located at 2999 N 44th Street, is one of Phoenix’s most distinctive office properties, easily recog…
OakNorth, BridgeCity Lend $83 Million on East Side Residential Conversion
OakNorth has provided an $83.5-million co-loan alongside BridgeCity Capital to support CSC Real Estate’s conversion of a Midtown Manhattan office building into a 136-unit residential development. Located at 136…
Shorenstein Buys Office Tower in Fifth Dallas Deal in Two Years
Shorenstein Acquires 356,000-Square-Foot International Plaza 3 Office Tower in Dallas
Aspen Dental Opens in Willis With Comprehensive Care, Emergency Appointments and App-Based Scheduling
The new office on Interstate 45 is led by Dr. Anthony Spates, who completed a fellowship in oral and maxillofacial surgery focused on implants and extractions WILLIS, Texas, Nov. 13, 2026 /PRNewswire/ -- Patients in W…
Irvine Company Signs Nearly 2.5M SF of Office Leases in Q3
Irvine Company signed nearly 2.5 million square feet of office leases in the third quarter, led by deals with Taco Bell and medical technology firm Envista and seizing on the overall demand for Orange County, Calif.,…