Newcor Blog

U.S. Office Turmoil: Subleases Rising, Record Number Of Leases Coming Due, Valuations Murky

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It's looking more and more likely the next few years could be a bloodbath for all but the very best office buildings across the country.

The relative lack of transaction activity among sub-trophy class offices has made it impossible to paint a definitive picture of how much value those buildings have lost since the outbreak of the pandemic, but several indicators signal a surge of distress is on the horizon, based on reporting from The Real Deal and The Wall Street Journal.

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Tenant Rep Tuesday Tip: Commercial Real Estate Spending Big on Office Amenities

NCRE CRE Spending Big on Amenities

Today's Tenant Rep Tuesday Tip topic: Commercial Real Estate Spending Big on Office Amenities

Class A buildings are sprucing us their amenities to herd workers back to the office.

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Commercial Build-Outs Are Taking Months Longer

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Supply chain and labor shortages are delaying commercial build-out and tenant improvement projects by an average of three months.

Commercial build-out and tenant improvement projects are taking significantly longer due to supply chain and labor shortages. On average, these projects, which are typically six months on average, are now taking three months longer to complete, complicating landlord-tenant agreements on the construction project and commencement of the rent.

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Tenant Rep Tuesday Tip: Hybrid Work Becomes Normalized

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Today's Tenant Rep Tuesday Tip topic: Hybrid Works Becomes Normalized

Office leasing activity had reached its highest levels since the onset of the pandemic & the space available for sublease declined.

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Build-to-Rent Gathers Momentum

rsz find office space for rent

 

Build-To-Rent Gathers Momentum

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