10Y UST4.79%+0.84%30Y MTG6.66%+0.15%SOFR3.66%-0.54%VNQ$95.78-0.54%XLRE$43.73-0.70%FED FUNDS3.63%
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Institutional Press Wire
Sectors

Office

The most disrupted CRE sector of the decade. Trophy outperforms, commodity underperforms, and the basis at which capital re-enters Class B will define the next cycle.

State of the Market

Office at a glance

Updated continuously
Tracked items
03
Most active: New York
10Y UST+0.84%
0.00%
30Y MTG+0.15%
0.00%
SOFR−0.54%
0.00%
Analyst’s read

The office sector continues to navigate a complex landscape shaped by evolving work patterns and shifting tenant demands. While some markets exhibit resilience, others face challenges related to vacancy rates and tenant retention, prompting a reevaluation of space utilization strategies. Lenders remain cautious, with a selective approach to financing, reflecting broader economic uncertainties and the need for adaptive reuse of existing assets. Allocators are increasingly discerning, favoring opportunities that align with long-term trends in hybrid work and sustainability, while remaining vigilant about potential risks in the broader economic environment.

Most active markets
  • New York8
  • Denver3
  • Miami1
  • Houston1
  • Dallas1
  • Chicago1
Coverage velocity

Items added to the wire per week · last 12 weeks

Latest activity

News Wire — Office

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Connect CRE · New York · Office

Albany Plans $25M Makeover for Government Complex

New York’s Office of General Services (OGS) plans to spend $25 million to improve Empire State Plaza, a 98-acre complex of state government buildings in Albany, with the aim of creating a more active and accessible ci…

6h ago
Connect CRE · Office

Sheppard Law Firm Signs 107K-SF Office Lease in Downtown DC

Sheppard, a law firm with more than 1,200 lawyers across 16 offices, has signed a 107,224-square-foot lease at In-Rel Properties’ 2033 K Street NW, becoming the anchor tenant. In-Rel acquired 2033 K Street, and the pr…

10h ago
Commercial Observer · Office

Bank OZK Lends $76M for Connecticut Office-to-Resi Conversion

A joint venture between Saber-Hightower and Granoff Real Estate has sealed $75.5 million of construction financing for an office-to-residential conversion project in Connecticut’s Fairfield County, Commercial Observer…

12h ago
Connect CRE · Houston · Office

18-Story Houston Office Tower Changes Hands

Serac Capital Partners , in partnership with National Real Estate Advisors, acquired 3737 Buffalo Speedway in Greenway Plaza. Madison Marquette was the seller. The Houston Business Journal reports 3737 Buffalo Speedwa…

13h ago
Connect CRE · Office

Midtown Office Tower Scores Leases Totaling 182K SF

A trio of companies have inked leases totaling more than 182,000 square feet at The Swig Company’s 1411 Broadway following a $100 million renovation of the Midtown office tower. Software company Zeta Global signed a 1…

Sep 1
Connect CRE · Denver · Office

17-Story Denver Office Tower Trades for $3.6M

A number of Denver office towers continue to suffer profitability issues. The 17-story tower, once known as Columbine Place, has been bought for $3.63 million. The Denver Business Journal reports building values in do…

Sep 1

Archive — Office

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ACQUISITION · Minneapolis · Office

Laurus Corporation Acquires Woodlake Centre in Minneapolis, MN

Laurus Corporation announced its first acquisition in the Minneapolis area with the 190,000 sq ft Woodlake Centre, a high profile destination for medical and professional services in Richfield.

Source: PR Newswire|Feb 13, 2014|Laurus Corporation