Lenders tend to be cautious on such projects and most investors might be looking for returns that are higher than office building prices right now would support.
Researchers at the Federal Reserve Bank of Cleveland and the Bureau of Labor Statistics built a gauge that’s based only on the leases of tenants who recently moved in, and compared it with another that measures the average of rents for all tenants.
Commercial Observer predicts more challenges for New York City’s office market in 2023. The Real Deal reviews the most outlandish real estate lawsuits of the year that played out in Southern California. These are among today’s must reads from around the commercial real estate industry.
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