Search

My Office is one of the companies that are renting space office not only by the month, but by the hour. Such setup is beneficial to small businesses that do not need a whole office all to themselves, and are interested in cutting the cost of office space rental. The prices of office space in Hawaii are mentioned.

Some major companies in the UK still wish to rent headquarters buildings in prestigious areas such a Mayfair and St James in London, England, but they want buildings with good design features which are not ostentatious. The occupation of a property in Berkeley Square by Concert the telecoms company may set new renting levels for the area. The rents are predicted to be 52 pounds sterling per sq ft. Local agents deny that deal would define the market level which they anticipate to be around 45 pounds sterling per sq ft. Some companies such as Glaxo are leaving the area due to the high rents.

The office market in Bromley, England, will suffer shortages in future, according to Mike Lewis at Michael Rogers. Office rents now stand at slightly under 20 pounds sterling. The market has improved over the last 18 months, according to Hugh Redgewell of Baxter Philips, the letting agent. Developers will not invest in speculative building until lease terms harden.

The office rental market in Croydon, England, has been exhibiting differing trends in recent months. The take-up rate has improved during the last six months, according to Andrew Ostrer at Stiles Harold Williams. Rents could increase again due to a shortage of good space in the centre of town. There will be a supply crisis around 18 months from now, as no new development is currently taking place.

The industrial and office property markets in Northampton, England, remain oversupplied, although activity is growing in both sectors. Most of the surplus area is in modern, large buildings, with agents expecting this space to be easiest to let in the expanding market. Northampton has around 600, 000-650,000 square feet of office property available, including 115,000 sq feet in Northampton House which is being vacated by the county council. Speculative development is not anticipated in the near future.

Demand for office space in the city of Leicester, England, is increasing following several years of recession. Some developers such as Wilson Bowden have bought in-town office space in anticipation of attracting a tenant in the growing market. There is little new office space available, although rents have remained stable, and developers are being called upon to make the first move to build new developments for potential occupiers. Students account for over 10% of Leicester's population, with new facilities being built to meet their demands.

Cinching a major Class A office lease in Manhattan is anything but a slam dunk these days. By that measure, Olympic Tower Associates' signing of NBA Properties Inc. to a [...]

A surge in new office leases signed by financial services firms last year all but bypassed the one neighborhood that most used to call home--Wall Street and environs. In a [...]

Office landlords got some welcome relief in the first quarter, when average rents nationally rose by 0.7% to hit $20.25 per sq. ft., up from $20.11 per sq. ft. at [...]

The Detroit office market is showing signs of a rebound for the first time in four years, but even upbeat forecasters say it will take another year or more before [...]

After three grim years, the West End is leading London's office rents back up LAST Monday's mail brought shareholders in Canary Wharf plc, the company that owns most of that [...]

While the southeast suburban office market softened over the past six months, its northeast neighbor, Aurora, has seen increased activity and a vacancy rate that's holding its own. The Aurora [...]

In its second quarter report on the Pittsburgh area's commercial real estate market, CB Richard Ellis/Pittsburgh, a Downtown commercial real estate brokerage, said office rental rates in the Downtown business [...]

Current office vacancy rates for downtown Denver are just above 6 percent, up slightly from the close of first quarter 2001, when rates were at 5.6 percent, according to figures [...]

Insignia acquires Mexican real estate service provider Insignia Financial Group Inc., New York, has announced its completed acquisition of commercial real estate service company Grupo Inmobiliario Inova S.A. de C.V. [...]

A combination of high demand and low availability of office space is driving up rents in a boom reminiscent of the 1980s, reports Michael Blanden London's vulnerability to international pressures [...]

The level of new office construction in Princeton is impressive by any standards, but more impressive is the demand for space that has put vacancy rates below 10% and left [...]

Ask any tech executive and you'll hear a different twist on the headaches of finding an office in Silicon Valley. A recent report confirms that Silicon Valley is the second [...]

Recent turmoil in the financial markets has caused many to question whether the real estate cycle is turning once again. While a hint of caution has entered market psychology, inventory [...]

Lease rates for top-tier office space in downtown Baltimore are breaking the $30 ceiling -- the highest in recent memory -- but are still cheaper than Washington, D.C., where similar [...]

Despite Strong leasing velocity, in-market consolidation and downsizing have led to only eight of 20 Northern and Central New Jersey submarkets experiencing positive net absorption during the first quarter of [...]

The commercial real estate market in the tri-state region, particularly in Manhattan, experienced an extremely busy year in 1999 and continued to gain momentum during the first quarter of 2000. [...]

As the national economy enters its longest stretch of prosperity in the post-war era, Manhattan's Midtown, Downtown and Midtown South office submarkets are reaping the results, sustaining levels of leasing [...]

Companies are taking advantage of rising vacancies and falling rental rates in the office market in downtown Philadelphia by moving to better business addresses. Law firm Marshall Dennehey, for example, relocated to 2000 Market Street from its office where it stayed for 19 years. Information on other office relocations, as well as on Philadelphia's office market are presented.

Financial services startups are opting to establish their offices in San Francisco, California's financial district. Rents in the financial district has continued to fall. Comments from executives are also included.

The proposed $1.5 billion State Center redevelopment project in Midtown Baltimore might cause the State of Maryland to pay the most expensive rental rates in the city. The state will have to pay an effective rental rate of $34 per square foot, including expenses, on the leasing. Other details of the redevelopment project are discussed.

The published lease rates in seven of 18 largest office buildings in Wichita, Kansas had declined while rates in the remainder buildings remained flat except for two. Brokers have also noted that posted rates represent only a jumping-off point for negotiations but actual rates could be lower. How the recession contributed to the downward trend is also discussed.

Sacramento, California's top commercial real estate brokerages have reported that office users occupied fewer spaces in the first quarter of 2010. Cornish & Carey Commercial's managing partner John Frisch reported the high-end figure of 311,000 square feet and a record 22 percent vacancy rate. Insights on vacancies in industrial and retail sectors are also given.

Ambitious asking rents at the top of the West End office market are now being set at the previous cycle's record rent of [pounds sterling]140/sq ft, after a series of [...]

The Blackstone Group is cutting rents by $10 to $15 per square foot. Boston's vacancy in office buildings has risen to 16.6 percent and rents have fallen 23.9 percent to $44.20 per square foot.

Prices for office subleases in California's Bay Area are falling as companies put thousands of square feet onto the market. Another 775,000 square feet of sublease space hit the market in San Francisco in the first three months of 2009 and there are some spots in the city which can be leased for $32 per square foot.

Rents for 2008 are expected to rise in the Boston real estate market as office vacancy rates increase. Office developments may determine how the trend in rents will go. Other details of the issue are discussed.

Office vacancy rates in downtown Portland has dipped to around 5%, causing brokers and investors to search for older buildings in the Class B and Class C categories where the rent is also cheaper. Some notable older and cheaper buildings, which will be renovated for use, are discussed.

River City Bank founder Jon Kelly wants a lease rate of $3.20 per square foot for the bank's planned 12-story building in Natomas. The building is designed to save over 3.5 million gallons of water a year and will also have an array of solar panels.

To own or not to own, that is the question many San Diego businesses are asking themselves these days as they cope with rising rents and shrinking office space--especially Downtown. [...]