Precinct pauses plans for 227m Auckland waterfront office tower
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 October 2026: $23.7B across 72 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
Tech Firms Ink Full-Floor Leases with Moinian Group
The Moinian Group has signed approximately 26,000 square feet of new office leases at 245 Fifth Ave. in Manhattan’s Midtown South neighborhood. The two full-floor transactions follow more than 95,000 square feet of le…
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale…
New York People and Company News, Week of Oct. 30, 2026
SL Green Realty Corp. announced that Jason Maurer has joined the company as managing director, overseeing retail leasing across the company’s portfolio and office leasing for Green Property Services, SL Green’s growin…
Office Occupiers Plan for 2027: 5 Takeaways From Newmark’s Survey
Most U.S. office occupiers expect to expand over the next two years, as few are ready to suggest how artificial intelligence will change their headcount or space needs, according to early findings from Newmark’s…
Flexible Workspaces to Account for One-Third of Office Leasing by 2030; Colliers-CII Report
Software Giant Moves 1,000 Workers to Addison
SAP , a global leader in enterprise software and business AI, has selected Addison to merge its North Texas operations, bringing approximately 1,000 employees from SAP’s office in Plano and SAP Concur’s office in Alle…