Global office occupancy costs rose 3.6 percent year-over-year in the first quarter, according to the latest data from CBRE.
Going forward, the success of co-working operators may rely partly on their ability to generate new revenue sources.
The popularity of flexible office space options continues to grow. A CBRE report looks at the top markets for flexible office space.
Google completed the purchase of the 325,000-sq.-ft. Milk Building from Jamestown.
Owners of older office buildings are feeling the pressure to renovate and reposition their properties to stay competitive.
More than 110 million sq. ft. of new office space is under construction nationally.
Doug Schwartz, chief investment officer of Americas real estate with JP Morgan Asset Management, said New York lacks leading tech companies.
Life science clusters from Boston-Cambridge to San Diego are seeing steady demand from tenants.
