Office

At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking trendier digs.

New lending volume rose 48 percent year-over-year to $62 billion, according to a survey of 76 major U.K. lenders.

Some studies indicate hybrid work can be a challenge, as well as being a convenience.

The bank signed a 20-year lease for 265,000-sq.-ft. at the Spiral, a 65-story skyscraper that’s being built by Tishman Speyer.

Positive property fundamentals at mixed-use developments are attracting investors of all types.

The program, known as Chapter 313, provides property tax breaks for as long as 10 years in exchange for business investments.

As office tenants gravitate toward environmentally sustainable spaces, investors are paying greater attention to environmental certifications.

A collapse in nominal rents would have been far worse because prices for some goods and services are often sticky on the downside.

The REIT signed a contract to purchase 450 Park Ave. for $445 million from Toronto-based Oxford Properties.

Weekday rail ridership on average since mid-February has remained above 50% from where it was before the pandemic began, the agency said Wednesday.