Office conversions and demolitions now exceed new office construction

More office space will be removed from the U.S. market trough conversions and demolitions this year than added to it for the first time since at least 2018 and likely…
Formation Interests (FORMATION) has finalized the acquisition of Metro Corporate Center, an office complex on 23 acres along the I-17 Corridor in north central Phoenix. FORMATION, in partnership with Crow…
On May 21, Phoenix-based developer George Oliver announced the completion of its Bond office redevelopment in the heart of the Camelback Corridor, delivering a market-leading amenity package in what the company considers…
Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed…
Studies show that employees with access to natural light and outdoor views are 18% more productive. Also, people who like their office environment are 31% more likely to be satisfied…
Natural light in office buildings isn’t just about brightness – it’s about creating a more productive, healthier, and more enjoyable work environment. When employees have access to natural light, studies…
San Francisco is now the most expensive office market in the nation, surpassing Manhattan for the first time in years, as our latest U.S. office market report shows. Asking rents average $69.14 per…
As the U.S. office sector continues to navigate the complex post-2020 landscape, it evolves under the influence of shifting economic winds, changing work trends, and the need to refresh a…
The Phoenix Office of JLL has released its Q3 2024 Phoenix Office Market Dynamics report, noting a continued stabilization in the local office sector with vacancy rates decreasing, the sublease market showing positive trends and rental…
Even in a world where remote and hybrid work is more common than ever, the office remains a place to build teams, meet clients and make business deals happen. Today,…
New data reveals that vacant offices in Phoenix and Tucson have led to more than $800 million in lost rent. MORE NEWS: Metro Phoenix sees 1st office vacancy rates decrease…
Continuing its successful office transformation track record, Phoenix-based developer George Oliver has secured a string of new leases at Bond, its amenity-driven office redevelopment nearing completion in the heart of the Camelback Corridor. …