Articles of the week ending March 29th.
Commercial Real Estate, New York City, and General Articles that got my attention this week.
Average Office Rents Continue Ticking Up Despite Rising Vacancy, Piles Of Sublease Space
Despite rising vacancy rates, a glut of sublease space, and a wave of defaults, average office rents in the U.S. continue to tick up.
REBNY Pitches 421a Final Offer
REBNY’s final 421a proposal to increase construction wages and benefits was rejected by construction unions, leading to a potential impasse in negotiations.
Adam Neumann’s Firm Indicates He Offered More Than $500 Million for WeWork
Former WeWork founder tries to buy back WeWork.
Why Employees Still Want to Stay Home
Some employees prefer to work from home due to concerns about productivity loss in the office, highlighting the need for companies to focus on creating well-resourced and productive office spaces that cater to individual needs.
How to Get Employees Back to the Office – Housing Benefits Can Help
Housing benefits are becoming a competitive necessity for companies to attract and retain talent.
Return to Lender
A summary of properties that went back to the lender recently.
Suburban Office Real Estate Faces a Reckoning
Suburban office sector struggling with changing work patterns.