fromThe Mercury News3 months agoUS cities cut red tape to turn unused office buildings into housingCities are converting empty office spaces to housing to combat high vacancy rates and housing shortages.
A billion square feet of new housing space to emerge in cities as America's office market faces a major crisisThe U.S. office market faces significant transformations, with many buildings likely to be demolished or converted due to high vacancy rates and shifting work patterns.
What office meltdown? Developers see a shortage of high-end space and are rushing to build it.High-demand for high-end office spaces persists despite a downturn in the overall market, indicating a potential upcoming shortage in new quality office developments.
Downtown office buildings are still struggling - Daily TrojanThe downtown Los Angeles office market shows high vacancy rates and ownership changes due to the shift towards hybrid work models post-pandemic.
Office market looks like it has 'reached a turn' in recovery from pandemicThe U.S. office market shows signs of recovery, with a decline in vacancies and positive net absorption rates.
Oahu's office market 'showing signs of life' - Pacific Business NewsOahu's office market shows positive occupancy growth and resilience despite national challenges post-Covid-19.
A billion square feet of new housing space to emerge in cities as America's office market faces a major crisisThe U.S. office market faces significant transformations, with many buildings likely to be demolished or converted due to high vacancy rates and shifting work patterns.
What office meltdown? Developers see a shortage of high-end space and are rushing to build it.High-demand for high-end office spaces persists despite a downturn in the overall market, indicating a potential upcoming shortage in new quality office developments.
Downtown office buildings are still struggling - Daily TrojanThe downtown Los Angeles office market shows high vacancy rates and ownership changes due to the shift towards hybrid work models post-pandemic.
Office market looks like it has 'reached a turn' in recovery from pandemicThe U.S. office market shows signs of recovery, with a decline in vacancies and positive net absorption rates.
Oahu's office market 'showing signs of life' - Pacific Business NewsOahu's office market shows positive occupancy growth and resilience despite national challenges post-Covid-19.
Data center vacancy rates are nosediving in Europe - here's why that could be a problemData center vacancy rates in Europe are dropping rapidly, with experts aiming for recovery amid rising demand outpacing supply.
Industrial slump pushes Southern California vacancy up to 5.1%Southern California industrial vacancy rates have reached 5.1% after several years of decline.
Why Investing In Office Real Estate Is A Good IdeaThe office sector shows signs of recovery with increased leasing activity and investment opportunities despite high vacancy rates.
Data center vacancy rates are nosediving in Europe - here's why that could be a problemData center vacancy rates in Europe are dropping rapidly, with experts aiming for recovery amid rising demand outpacing supply.
Industrial slump pushes Southern California vacancy up to 5.1%Southern California industrial vacancy rates have reached 5.1% after several years of decline.
Why Investing In Office Real Estate Is A Good IdeaThe office sector shows signs of recovery with increased leasing activity and investment opportunities despite high vacancy rates.
City rents rise as return to the office drives up demandAvailable office space in the City of London is at historic lows, driving rent increases in prime locations.
Silicon Valley commercial vacancy rates pass 20%Silicon Valley companies are adapting to rising commercial vacancy rates as employees resist returning to the office full-time.
Adams Real Estate Chief Jesse Hamilton at Crux of Big DealsThe commercial real estate market in New York is suffering, with high vacancy rates leading to city intervention in leasing.
As CRE 'Wall of Debt' Looms, Rents and Office Building Prices FallA potential default crisis in the commercial real estate sector due to maturing loans, high vacancy rates, and reduced income for building owners.
San Francisco's Sky-High Office Vacancy Rate Declines Slightly, In Sign of Possible TurnaroundSan Francisco's office leasing market shows potential recovery signs with net absorption turning positive and slight decreases in vacancy rates.
West worst hit as the rate of empty shops in our towns at all-time highCommercial vacancy rates in Ireland are at an all-time high, with significant disparities between rural and prosperous urban areas.
City rents rise as return to the office drives up demandAvailable office space in the City of London is at historic lows, driving rent increases in prime locations.
Silicon Valley commercial vacancy rates pass 20%Silicon Valley companies are adapting to rising commercial vacancy rates as employees resist returning to the office full-time.
Adams Real Estate Chief Jesse Hamilton at Crux of Big DealsThe commercial real estate market in New York is suffering, with high vacancy rates leading to city intervention in leasing.
As CRE 'Wall of Debt' Looms, Rents and Office Building Prices FallA potential default crisis in the commercial real estate sector due to maturing loans, high vacancy rates, and reduced income for building owners.
San Francisco's Sky-High Office Vacancy Rate Declines Slightly, In Sign of Possible TurnaroundSan Francisco's office leasing market shows potential recovery signs with net absorption turning positive and slight decreases in vacancy rates.
West worst hit as the rate of empty shops in our towns at all-time highCommercial vacancy rates in Ireland are at an all-time high, with significant disparities between rural and prosperous urban areas.
Transforming Office Spaces: Repurposing Underutilized Structures in the United StatesThe shift to remote work has caused long-term changes in urban office utilization and increased vacancy rates, prompting innovative repurposing solutions.
I've seen how declining British high streets can be brought back to vibrant life | Holly LewisHigh streets face persistent challenges with vacancy rates despite some optimistic signs and new initiatives like rental auctions.
Realty expert breaks down NYC's housing market, rezoning East Side: 'Headline makers are moving out'Vacancy rates are low, prompting conversions of office spaces into residential housing to combat shortages.
Des Moines office real estate vacancies have increased and other industry trendsWells Fargo's office consolidation led to increased vacancies, but renovations and conversions are attracting new tenants to older buildings.
Transforming Office Spaces: Repurposing Underutilized Structures in the United StatesThe shift to remote work has caused long-term changes in urban office utilization and increased vacancy rates, prompting innovative repurposing solutions.
I've seen how declining British high streets can be brought back to vibrant life | Holly LewisHigh streets face persistent challenges with vacancy rates despite some optimistic signs and new initiatives like rental auctions.
Realty expert breaks down NYC's housing market, rezoning East Side: 'Headline makers are moving out'Vacancy rates are low, prompting conversions of office spaces into residential housing to combat shortages.
Des Moines office real estate vacancies have increased and other industry trendsWells Fargo's office consolidation led to increased vacancies, but renovations and conversions are attracting new tenants to older buildings.
Rents set to roar back as apartment demand surges after building boomRising demand for rentals and decreasing vacancy rates could empower landlords to increase rents significantly next year.
Abysmal DC office market shows no signs of recoveryWashington, D.C., office market facing challenges with high vacancy rates and diminishing property values despite upcoming presidential election.
NYC's rent skyrockets over seven times faster than wages, widest gap in U.S.: Report - QNSHigh rental increase in NYC compared to wage growth.
Gastronomy breathes fresh life into New YorkNew York's commercial landscape is reviving, driven by the reopening of restaurants and a surge in global cuisine offerings.
NYC's rent skyrockets over seven times faster than wages, widest gap in U.S.: Report - QNSHigh rental increase in NYC compared to wage growth.
Gastronomy breathes fresh life into New YorkNew York's commercial landscape is reviving, driven by the reopening of restaurants and a surge in global cuisine offerings.
CHP Officers Get $500M Contract, Gov. Newsom Races to Fill VacanciesCalifornia Highway Patrol's vacancy rate reached 16% in 2023 despite high salary increases, indicating ongoing recruitment challenges.
Two NYC towers put final touches on major upgrades as they buck downtown malaiseDespite downtown's challenges, 28 Liberty St. shows strong leasing success, with Fosun's modernization efforts resulting in occupant growth and new retail space.
Primary school to close as merger confirmedIslington Council is merging Montem Primary School with Duncombe Primary School to address high vacancy rates and deficit issues in schools.
Colliers: Oahu's office market 'appears to be nearing a new equilibrium' - Pacific Business NewsOahu's office market is approaching a new equilibrium despite past fluctuations.
Amazon.com Leases Two 1M sf Warehouses in the Inland EmpireAmazon leases two 1 million square feet warehouses in the Inland Empire amid a weakening industrial market.