Most Western U.S. markets had vacancy rates above the national average of 18.7% in August, according to this month’s Office Report from CommercialCafe. For instance, last month, Seattle saw the highest vacancy rate…
The Greater Phoenix office market experienced a decline in direct vacancy during second quarter, falling 40 basis points to 15.2 percent, according to a report released by Colliers. A trend…
RED Development announced that First Solar — the leading solar technology and manufacturing company in the U.S. — is relocating its offices from Tempe to The Grove, the landmark mixed-use destination at…
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…
Previously, most offices weren’t designed for humans. They embodied cubicle grids, 9-to-5 rigidity, and people pretending to enjoy breakroom coffee. Times have changed, and so should your workspace. In an…
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…
