CRE

While analysts agree that a recession is imminent, some predict that this won’t lead to a mass exodus of tenants from offices.

The deal will allow JLL to sell HqO services, while the latter has acquired hybrid workplace app JLL Jet that will help expand its customer base.

Building owners have struggled to bounce back from the grips of the pandemic that sent billions of workers to operate from their homes.

The flexible office giant’s shares have been volatile in recent months due to various external factors, including disappointing stock performance across the board.

According to Kelly Glass, principal at Avison Young, professional services firms have been completing a large chunk of office deals as demand slowly rises.

After months of delayed recovery, it appears that New York City is seeing a slight uptick in office occupancy.

Larger players within the real estate industry are more “insulated with a low cost of debt,” making them more likely to stay afloat than their smaller counterparts.

Moving forward, Cushman & Wakefield believes that office absorption will continue to be positive, with the firm expecting vacancy to top out and rents to decrease.

“I like to think of this as a train wreck in slow motion, where essentially, only a third of the leases have even come up for renewal,” said Stijn Van...

Analysis shows that commercial real estate property sales fell by 16% in April compared to the same time one year ago after “13 consecutive months of increases.”