Bigger office leases drive brokerage gains as companies lock in …

Nov 11, 2024 · JLL, the world's second-largest brokerage, said its 34% increase in office leasing revenue was powered by a 45% increase in the number of leases spanning 100,000 square …

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Bigger Office Leases Drive Brokerage Gains As Companies Lock In …

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Nov 11, 2024 · JLL, the world's second-largest brokerage, said its 34% increase in office leasing revenue was powered by a 45% increase in the number of leases spanning 100,000 square …

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Manhattan Signs Record Number Of $100-Plus Office Leases, JLL …

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Jan 8, 2024 · The number of Manhattan office leases with starting rent at more than $100 per square foot reached a record high in 2023. ... brokerage firm JLL said Monday in a statement. …

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Office Leasing Surge Drives World's Largest Commercial Brokerage …

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Oct 24, 2024 · CBRE's global office leasing revenue increased 26%, reaching a third-quarter record for the brokerage, led by the Americas and Europe and demand for high-quality office …

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How To Renew Or Relocate In 2023: CBRE's Report - LinkedIn

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Nationally, new lease sizes have decreased by 15% to 20% compared to the 2015-2019 average. In #Cleveland, the average size of new office leases has dropped by 20% from pre-pandemic …

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More Companies Signing D.C.-Area Office Leases, But Owners Still ...

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Oct 16, 2024 · D.C.’s vacancy rate in Q3 was 22.7%, according to CBRE, up from 22.4% last quarter, with 332K SF of office space emptying out. The brokerage pinned Northern Virginia’s …

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FAQs about Bigger office leases drive brokerage gains as companies lock in … Coupon?

Does the legal sector continue to drive demand for prime office space?

The legal sector continues to drive demand for prime office space. While leasing activity for law firms returned to pre-pandemic levels in 2023, it continued to steadily improve throughout 2024. ...

What are the challenges facing the US office leasing market?

The US office leasing market continues to face significant challenges, due to: Historically high vacancy rates. A shift toward smaller office footprints. Increased tenant leverage. Growing uncertainty about the future of office space utilization post-pandemic. ...

How is the industrial leasing market changing?

The industrial leasing market is transitioning from a landlord-favored landscape to a more balanced environment, with tenants gaining more leverage to negotiate lease terms. Average lease rates are still growing but at a significantly slower pace compared to prior years. Most markets report year-over-year rent increases in the low single digits. ...

Why is the US commercial leasing market so uncertain?

The US commercial leasing market has experienced significant uncertainty in recent years, driven by several factors, including: Soaring interest rates. High inflation. Evolving tenant preferences and workplace dynamics. The growing impact of climate change on building infrastructure. The rise of innovative technologies such as generative AI. ...

Are industrial lease rates still growing?

Average lease rates are still growing but at a significantly slower pace compared to prior years. Most markets report year-over-year rent increases in the low single digits. The industrial leasing market is transitioning from a landlord-favored landscape to a more balanced environment, with tenants gaining more leverage to negotiate lease terms. ...

What will the US industrial leasing market look like?

The US industrial leasing market is expected to continue to moderate in the near term, with a focus on quality and location as key considerations for tenants. Emerging trends such as automation and sustainability will play a growing role in future industrial real estate development. ...