Shanghai Has World's Highest Office Vacancy Rate: CBRE
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: $9.8B across 39 reported transactions. All Office coverage →
- 101 stories mentioning CBRE on the wire in the past 90 days. CBRE coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Office
Stalled Downtown Vancouver office tower project pivots to 295-room hotel
Twin CBD towers sold for $124m as buyer’s portfolio hits $1.25bn
JLL Arranges $50M Bridge Loan for Thousand Oaks R&D and Office Campus
JLL’s Capital Markets group arranged $49.75 million in bridge financing for Lakeview Innovation Center, an approximately 275,000-square-foot, 100% leased, R&D and office campus in Thousand Oaks. The group worked on be…
A twisting, shimmering tower is coming to Houston's Galleria area
Forbright Bank Provides $50M for Southern California R&D Campus
The owners of a fully leased research and development and office campus in Thousand Oaks, Calif., have secured bridge financing after spending two years repositioning the asset. Los Angeles-based Alta West Partners cl…
Hiffman National Surpasses 100M SF of Commercial Real Estate Under Management
Hiffman National announced it has surpassed 100 million square feet of commercial real estate under management, reaching more than 104 million square feet across 665 office, medical office, industrial and retail prope…