Downtown Los Angeles (Credit: iStock) Content creators like Netflix and Apple continued to absorb much of the available office space in the second quarter, proving the battle for office space is quickly becoming as contentious as the battle for the best content. Leasing activity reached a three-year high of 5.3 million square feet in the […]
Milan’s rising rent, office space shortage sparks investing spree
(Credit: iStock) Investor demand for prime office space in Milan has surged amid a shortage of Class A buildings in the financial capital of Italy. Sources told Bloomberg negotiations that could change the ownership of several trophy office buildings in Milan are underway. Among other potential deals, the State Oil Fund of the Republic of […]
Office rents in U.S. are going up — barely
(Credit: iStock) Office rents across the U.S. are ticking up. The average asking rent in May for office buildings over 50,000 square feet in size rose 0.4 percent compared to the previous three-month period, coming in at $36.33, according to data firm Yardi Matrix’s recent national report, covered by Connect Commercial Real Estate. The growth […]
Brexit is no longer slowing down London office developers
London’s office market has proven to be surprisingly resilient (Credit: iStock) Developers are starting to bet big on London again despite Brexit. London’s office market has proven to be surprisingly resilient in the face of the United Kingdom’s vote to leave the European Union, convincing many developers that it is time to break ground on […]
Truss listings platform-brokerage launches in LA commercial market
Truss founder Bobby Goodman Fresh off a $15 million funding round, commercial listings platform and brokerage Truss launched in Los Angeles, its 10th U.S. city. Truss, which calls itself a more efficient way for prospective tenants to find commercial space, lists co-working, office, retail, and industrial locations. Truss operates much like Redfin — potential tenants […]