Office

Tom Shapiro, CIO of GTIS Partners, predicts Manhattan office building prices might fall 20 to 30 percent.

Houston ended 2020 with a 24 percent office vacancy rate, the highest of any major U.S. city, according to JLL.

Office leasing in the borough fell by nearly 47 percent from the same period last year, according to Colliers International.

Across the board, we saw a sharp focus on creating and implementing better health and safety standards that will likely remain. 

Even amidst a pandemic, there is no shortage of capital sources for the right sponsors.

“I have a whole subset of students who experience anxiety around whether they can be themselves when they go out there to look for a job.”

The 30-story tower is one of the largest new developments proposed in the city’s financial district since the start of the pandemic.

In addition to the pandemic, some blame the rise of co-working space and growing tenant demand for greater flexibility for driving shorter lease terms.

All issues that can occur on a property have to be reflected in lease documents, management agreements and insurance policies.

The impediment to more office transactions in the market has been a dearth of core-plus properties for sale.