A recent article in the San Francisco Standard predicted an “epic crash” for the city’s office sector. Here’s what our CRE experts say about its claims.
The Center for Exhibition Industry Research’s CEIR Total Index, a measure of convention business activity, was in the second quarter about 25.5 percent below 2019 levels, according to a forthcoming report shared with Bloomberg. In the first...
While the sector faces some unique challenges, including a shortage of power and competition for owners from their own tenants, its performance continues to be solid.
Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.
“Just-in-case” inventory storage is leaving retailers with excess inventory and little space to store it. But it’s not likely to go away, industry insiders say.
The company has “no issue” when employees need to work from home from time to time, though it wants senior bankers to be coming in to motivate their junior counterparts, according to a memo to staff. The memo follows similar moves from banks...
Members received an email announcing the closure of its six remaining locations, according to a message reviewed by Bloomberg News. In the note, the company cited both pandemic-related closures and “increasing global economic challenges” as...
Nordstrom’s report reinforces how decades-high inflation is impacting shoppers—and in turn retailers—differently. Companies that cater to the highest and lowest ends of the income spectrum are holding up better than those that rely on middle-class...
The new space is a reduction from the roughly 800,000 square feet that KPMG currently leases across three towers in Midtown. The firm plans to leave those buildings.
