Published by Billy on Monday, February 28 2011 at 8:59 PM
Cassidy Turley released a report Friday detailing the state of office space on a national level. The report covered not only vacancy rates across the country, but it also included information on what the housing market calls “shadow inventory”, and it’s all brining optimism for 2011.
Published by Jamie on Sunday, February 27 2011 at 8:07 PM
With daycare center recently vacating the Dearborn Building, Holladay Properties took the opportunity to open new executive office space in Portage, Ind. In its place, Holladay will be building out 6,000 square feet of office space.
Published by Sarah on Saturday, February 26 2011 at 5:31 PM
The National Association of Realtors released their forecast for office space vacancy and rent predictions for the next year. According to the report office vacancy will continue to fall during 2011, though rental rates might not recover until 2012.
Published by Billy on Friday, February 25 2011 at 11:57 PM
Larry Silverstein, developer of the World Trade Center office buildings in New York, has committed the city of New York to leasing office space in the the new towers.
Published by Billy on Thursday, February 24 2011 at 8:00 PM
Online retailer, Amazon.com, is expanding into more office space downtown Seattle. The company has grown immensely in the last few years despite the recession. Making their expansion into downtown, a company that large could be a beacon for other hesitant companies to make their move for new office space.
Published by Sarah on Wednesday, February 23 2011 at 7:31 PM
With the recession, landlords and office across the nation have pushed deals and countless concessions to fill their office space. With the year-end results, Class B office space in the Twin Cities has their work cut out for itself in order to keep up.
Published by Sarah on Sunday, February 20 2011 at 1:44 PM
The Montcross Chamber of Commerce has required new office space for quite some time. Held back by the recession, Chamber employees worked in a one-room office in the Wachovia Bank building in Belmont, NC. Now with the recovery, the Chamber is doubling their space and moving a half block away to a new home.
Published by Billy on Saturday, February 19 2011 at 1:55 PM
Lincoln Property Company, a full-service real estate firm, announced this week it has found new office space in Boston for a local law firm.
Published by Jamie on Friday, February 18 2011 at 1:09 PM
The Amber Oaks Corporate Center, a ten-building office complex in Austin, has been officially posted for foreclosure and is scheduled to go up for bid on March 1st in Williamson County.
Published by Jamie on Wednesday, February 16 2011 at 12:04 PM
USAA, a company that provides banking and other financial services to families of military members. The group currently employs over 2,000 area workers, with plans to add another 160 jobs in Q1 alone, and are on the search for additional Tampa office space to accommodate.
Published by Sarah on Tuesday, February 15 2011 at 7:26 AM
The Federal Deposit Insurance Company (FDIC) made a shocking announcement that they plan on closing their satellite office space in Irvine, CA ahead of schedule. The office was used to house 490 temporary employees for the duration of economic recovery.
Published by Sarah on Sunday, February 13 2011 at 10:06 AM
NAI Hunneman, a commercial real estate broker who specialize in leasing office space to corporations and in the private sector, have confirmed their suburban center has leased space to Insight Performance.
Published by Billy on Thursday, February 10 2011 at 4:09 PM
Non-profit group, The Freshwater Land Trust, has confirmed they will be moving to new office space in downtown Birmingham. The group currently leases space from the Birmingham-Southern College but plans to depart the premises this weekend.
Published by Jamie on Wednesday, February 09 2011 at 3:25 PM
The U.S. General Services Administration, who handles government leases, may be looking to relocate the FBI’s Milwaukee office space. The FBI currently occupies 80,000 square feet of space at downtown’s Plaza East complex, but require more space due to expansion.
Published by Sarah on Tuesday, February 08 2011 at 4:07 PM
Social networking giant, Facebook, announced today that they will be moving their Palo Alto offices to a new campus in Menlo Park. The new site will be connected to their current office space by tunnel, though a usage for the space is still unknown.
Published by Billy on Sunday, February 06 2011 at 12:45 PM
Industrial distribution company, ProLogis, has leased new office space in Denver. The company leased 21,602 square feet of space from its own building at 4555 Airport Way, near the Denver International airport.
Published by Jamie on Friday, February 04 2011 at 7:54 AM
As the year-end reports are coming out, the Tampa Bay office market is finding grim results. With vacancy rates increasing and development at a complete standstill, real estate brokerage firm Cushman & Wakefield do not anticipate a full recovery until 2013.
Published by Sarah on Thursday, February 03 2011 at 5:47 PM
Boston-based commercial broker, Burgess Properties, closed on two major deals for office space this week in Malden and Lynn, MA.
Published by Sarah on Wednesday, February 02 2011 at 7:15 PM
Three new executive suites offices have just opened in Texas. officbroker.com covers the details of the two new centers in Uptown Dallas, as well as in Houston.