Office commercial real estate news and analysis.
Cushman & Wakefield has recruited Tom Maloney back to its ranks to serve as the chair of its occupier advisory services division. The move comes as commercial real estate firms fiercely compete for corporate tenant representation in a shifting office market.
Newmark reported a 27% year-over-year revenue increase in the first quarter, fueled largely by a rebound in corporate office leasing activity. The earnings beat signals a potential turning point for the long-struggling office sector.
Prudent Growth Partners has acquired the 20,520-square-foot Eastgate Shopping Center in Batavia, Ohio, for $3.3 million. The highly leased neighborhood asset provides the private equity firm with stable, service-oriented tenancy in the growing Cincinnati suburbs.
Canadian menswear company Jack Victor has grown its presence at 8 West 40th Street by over 4,300 square feet, bringing its total leasehold in the Midtown office building to 11,000 square feet. The expansion secures the fashion brand full control of the 17th floor alongside a partial presence on the 18th floor.
Data center developer Cipher Digital is leaving SL Green's One Vanderbilt for H.J. Kalikow's 101 Park Avenue, anchorating 26,400 square feet in a trio of deals totaling 77,400 square feet at the Midtown tower. The relocations signal continued demand for specialized office space from technology and infrastructure firms.
Energy Capital Partners is expanding its headquarters operation at One World Trade Center, taking over the building's entire 59th floor. The new lease brings the infrastructure investment firm's total presence in the tower to 70,425 square feet.
Beloved London doughnut destination Bread Ahead has secured its first American foothold, signing a lease for a 2,400-square-foot space at Solil Management's 1571 Second Avenue. The deal marks a pivotal transatlantic expansion for the bakery and baking school brand.
Artificial intelligence firm Spade Data has signed a 6,933-square-foot lease at 155 West 23rd Street, marking the first new commitment at the Manhattan property since space was reintroduced to the market in late 2025. The deal signals continued appetite from tech-driven financial services companies for well-positioned Chelsea office space.
Canadian menswear company Jack Victor has signed an expansion lease totaling 4,321 square feet at 8 West 40th Street, growing its total office presence to 11,000 square feet. The deal underscores a growing trend of apparel companies consolidating and expanding their Midtown Manhattan operations.
Energy provider NRG is vacating 479,000 square feet in Houston's central business district, pushing the market into negative absorption for Q1. However, a 10% jump in leasing activity suggests underlying demand remains resilient.
The rapid expansion of artificial intelligence companies is accelerating a dramatic divergence in the commercial office sector, where premier skyscrapers are securing record rents while aging Class B properties face double-digit vacancy rates. Industry analysts warn this polarization has fundamentally restructured urban real estate dynamics since the pandemic.
UBS Realty Investors has relisted its 23-story office tower at 455 Market Street, seeking approximately $400 million amid signs of recovering transaction activity in San Francisco's commercial real estate market. The property returns to market nearly four years after its initial offering, signaling renewed confidence in Bay Area office demand.