Office

Among the key factors affecting the sudden rise in TI allowances is a significant increase in new inventory that impacted supply and demand dynamics nationally.

Co-working, or sharing a building or floor, has proved so important to office real estate in the New York borough that the market would actually be shrinking without it.

Convene, founded in 2009, rents meeting and event space out by the hour or for as long as multiple days, and co-working space for a minimum of 12 months.

In a Q&A, Nelson Mills dissects the potential of the REIT’s core markets, assesses the Amazon effect on the office sector and speculates about where HQ2 will wind up.

WeWork expanded to 73 cities in the quarter from 40 a year earlier and more than doubled membership to 220,000.

As companies realize they need less office space than they leased, they’re dumping more than 600,000 square feet of subleases downtown.

The building at 33 South Sixth Street, which counts Target Corp. as its biggest tenant, was sold to Samsung SRA Asset Management.

Austin, with a population approaching 1 million, is sometimes nicknamed Silicon Hills, with more than 5,600 technology companies and 150,000 college students.

Manhattan’s old Biltmore Hotel, where people once met each other “under the clock,” is being reconfigured as a tech incubator.