Industrious Signs 22,000-Square-Foot Lease in Atlanta

Very interesting D Magazine piece this week on the future of downtown Dallas and parking as a limiting factor for our city's 10 largest towers, sitting majorly unleased (48.8 percent vacancy). "The office towers aren’t necessarily failures—they’re raw material for downtown’s next chapter. 'If the city gets it right,' Perot Jr. says, 'you’ll see developers from all over the country coming in. If we have to set aside eight years to turn downtown into a warzone of construction so be it. It’s time to bring downtown into the 21st century.'" https://lnkd.in/g-Hh6M9i

Thanks to The Philadelphia Inquirer for asking me to be a part of this conversation. Chubb’s new tower is a great example of how the office market is evolving (not disappearing!!) with a clear shift toward high-quality, amenitized, transit-oriented space. We’re seeing increased interest from companies outside the region exploring Philadelphia in a more serious way. The question isn’t whether demand exists — it’s whether we can convert that interest into commitments.

In Philadelphia, many companies have been reducing their footprints and trading up to smaller spaces in fancier buildings. In response, older offices that struggle to replace tenants have plummeted in value. So, could Chubb’s tower be Center City’s last new office building? 🔗 https://lnkd.in/eFM9SEQn

Lease rates in the northwest office market, which includes Summerlin and Centennial Hills, have risen gradually over the last five years driven by a healthy demand for newer office space in that submarket, experts say.→ https://lnkd.in/gfn98_jU

Sandwith Court Secures Top Flexible Workspace Operator Colliers are delighted to announce that @Iconic Offices has signed an agreement to operate Sandwith Court in Dublin 2. This landmark transaction highlights the continued strength of demand for premium flexible workspace in Dublin’s central business district. Extending to 65,000 sq. ft., the fully refurbished building will offer a best-in-class workspace solution in one of the city’s most sought-after locations. Colliers was proud to act on behalf of the landlord—another strong example of how the office market continues to evolve through innovative landlord–operator collaborations. More information available here - https://ow.ly/CO1f50YYyNw #ColliersIreland #DublinRealEstate #FlexibleWorkspace #OfficeMarket #CommercialProperty #Dublin2 #RealEstateNews #WorkplaceEvolution

Wondering why your listing isn't getting any traction? It's probably because the standard office listing hasn't changed... but tenant expectations have. In a high-vacancy market, a bare listing is just specs and hope. Tenants have options, so you have to give them something better: an experience they can picture, a story they can feel, and a reason to choose your space over the many others they saved. Watch the latest episode of CREview to find out how to win office tenants in a high-vacancy market: https://bit.ly/CREview65 Dylan Joubert | Joshua Penman

Occupier demand for larger office space in Central London was one of the key trends in the capital last year, according to analysis of office relocation trends by Cushman & Wakefield. https://lnkd.in/e7VJCujr

Class A+ Office Occupancy Nears 2025 Peak as Kastle Barometer Climbs to 78.6 Percent - https://lnkd.in/e8n4Dtzm Trophy buildings push toward full reoccupation while the broader Kastle index logs its strongest peak day since early March, signaling a widening gap between premium product and the rest of the office stock. The trophy tier of the American office market is closing in on a new post-pandemic ceiling. Class A+ buildings tracked by Kastle […]

Strettons is the latest to move into the flex space, with 'Strettons Select' built around a direct leasing agreement between landlord and tenant. Two London offices, 1–3 Sun Street in the City and the 4th Floor at 33 Great Sutton Street in Shoreditch, have already been delivered. The new head of flexible workspace, Nick Jones, said: “The flexible workspace market continues to evolve rapidly, and occupiers are increasingly looking for advice that cuts across traditional leasing, managed solutions and serviced space." Read more: https://bit.ly/43zSLVF

Check out Avison Young’s latest Data Bite highlighting a shift in Houston’s office leasing trends. Lease terms are expanding as occupiers prioritize high-quality space, with trophy assets leading the way—average terms now at 104 months amid tightening supply and limited new construction. Momentum is also building across Class A, as tenants increasingly commit to longer leases for amenitized, well-located properties. While overall lease terms are improving, a clear flight-to-quality trend continues to shape decision-making. #AYdifference