Overall, CBRE pegs the overall development pipeline as containing 474 MW of capacity in the primary U.S. markets, nearly 55 percent of which is preleased.
Facebook plans to redevelop whole swaths of the land it holds in Menlo Park, Calif., potentially doubling its workforce there over the next decade to 35,000 people.
The company is negotiating to take about 200,000 square feet (18,600 square meters) in the lower Manhattan skyscraper, according to a person with knowledge of the discussions.
The credit grader published an unsolicited assessment in April that ranked WeWork’s $702 million of unsecured debt in the lowest speculative-grade tier.
The company is offering commercial real estate brokers worldwide a 100 percent commission on the first year of rent paid by any tenant who switches to WeWork from a top competitor.
The Windy City’s percentage of green offices is up from about 66 percent last year, according to an annual ranking by CBRE Group Inc. and Maastricht University.
