Midtown South office tower hits 100% occupancy after 2 firms snag 33,000 square feet
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 September 2026: $14.7B across 78 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
Green building, blue-chip tenant: Launceston office tower for sale
SIOR Fall Event Combines Networking, Examining the Industry’s Future
The Society of Industrial and Office REALTORS (SIOR) concluded its 2026 Fall Event in New York City after bringing together more than 1,200 commercial real estate professionals from 21 countries for four days of netwo…
News of the day: Investors gush over oilpatch, rate hike likely, early inflation warnings, 'trophy' office tower, Ovintiv buys Logan and more
Report: Seattle-Tacoma Area Office Market Sees Declining Vacancy
The Seattle-Tacoma metro area office is showing signs of declining vacancy, according to a recent report by Marcus & Millichap . “Seattle-Tacoma’s office market is showing broader signs of stabilization as improving a…
Chemical Manufacturer Renews Office Lease in Parsippany
Signature Acquisitions, an owner and manager of suburban office space throughout New Jersey and suburban New York, has signed AdvanSix to an 18,000-square-foot lease renewal at 300 Kimball Dr., the firm’s 400,000-squa…
Shorenstein Signs 78K SF in Office Leases at Repositioned D.C. Building
Shorenstein announced Monday that it has secured approximately three office leases totaling 78,000 square feet at its recently repositioned building in Washington, D.C.’s East End. Policy analysis and consulting firm…