Office- Page 4 of 16

Office

June 26, 2023

Silicon Valley, Calif., Office Vacancy Surging

Vacant office space is piling up in California's Silicon Valley as technology companies reassess their workspace needs, The Wall Street Journal reported. Office vacancies in San Jose, Palo Alto and Sunnyvale rose to 17% in June...

June 25, 2023

Wave Of Distressed CRE Loans Reaches $64B, With Retail, Office Hardest Hit

The long-anticipated wave of distressed CRE assets is closer to realization, with total distressed assets coming in at $64B during Q1 2023, Bloomberg reports, citing a new report by MSCI Real Assets...

June 20, 2023

Are hybrid work schedules increasing traffic at suburban open-air centers?

In the last six months of 2022, visits to LA Fitness gyms in the Houston suburbs rose between 10% and 38%, according to Placer.ai. In the 610 loop however, visits declined by 2% to 18%. COVID cases have mostly gone away, but the hybrid work model the pandemic spawned has not...

June 20, 2023

‘The Writing Is On The Wall’: Office Lenders May Have To Go All-Out Ahead Of Mass Surrenders

For the past few months, reality has been setting in for owners of U.S. office buildings. Many of them have debt coming due on buildings worth much less today...