National Office Vacancy Rate Reaches 15 Percent in February; Rents Drop

Capitalization rates - the returns that investors assume when pricing properties - could climb by 40 to 50 basis points in the coming years, impacting most every property sector, according to Capital Economics, a London research consultancy The...

Crain’s Chicago Business Swedish retailer H&M is vacating the 60,000 square feet of space it occupies at the 87,000-sf retail property at 840 North Michigan Ave along Chicago’s Magnificent Mile shopping district The retailer was in talks...

REBusiness Online Trends International Inc, a manufacturer of stationery products, has renewed its 180,000-square-foot lease at 5110 West 74th St in Indianapolis for an additional seven years The Metuchen, NJ, company was represented by Avison...

Commercial Real Estate Direct Staff Report Median monthly rents for apartments in Manhattan increased in May by 252 percent from last year to $4,000, a record level, according to brokerage Douglas Elliman Net effective average monthly rents,...

Commercial Real Estate Direct Staff Report Commercial property prices, driven again by apartment properties, increased in May by 112 percent, according to the MSCI Real Assets Commercial Property Price Index The index reached a record 17616 last...

The hotel sector continues to improve, with revenue per available room reaching $11129 during the week through June 18,  according to STR That’s 94 percent higher than it was during the same week in 2019 and breaks the previous record, set a...

AZ Big Media Logistics company KOAM has fully leased the 90,522-square-foot industrial property at 9310 South McKemy St, in Tempe, Ariz The company was represented in the lease by SIOR, while Cushman & Wakefield represented the owner of the...

Commercial Real Estate Direct Staff Report A total of $4501 billion of commercial properties changed hands in May, up a mere 3 percent from the same period a year ago, according to MSCI Real Assets, providing additional evidence that prospective...

REJournalscom Blue Cross Blue Shield has agreed to lease 95,070 square feet of office space at Aon Center, a 27 million-sf office property in downtown Chicago The insurance company is leasing the space from the property’s owner, 601W Cos CBRE...

Commercial Property Executive Eikon Therapeutics has agreed to pre-lease 285,000 square feet at Alexandria Center for Life Science, a 637,000-sf office and life-science property that is under construction in Millbrae, Calif The biotech company was...