For the second year in a row, Cambridge, Mass., in the Boston metro was the most expensive office space location, with the top 100 being dominated by California with a third of all entries.
Office properties commonly net some of the highest property taxes in the nation. In 2021, Manhattan dominated the list of office buildings that paid the most taxes with 82 out of 100 entries.
Cambridge, Mass., overtook top destinations in California and New York City to become 2021’s most expensive submarket for office space. The boom experienced by the life sciences sector in recent years has likely contributed to this development, as several high-profile office sales in the Boston metro were tied to life sciences landlords.
Newmark announced it had completed the sale of a 408,000-square-foot office complex in one of Massachusetts’ most prestigious neighborhoods and life sciences hotspots.
Empire State Realty Trust recently announced it had added another tenant to its prestigious roster in one of Connecticut’s most sought-after business parks.
Innovatus Capital Partners, a New York City-based portfolio management firm, recently announced the purchase of…
Newmark announced the sale of a 576,000-square-foot industrial tech campus in the Los Angeles metro for $182 million.
With a median home sale price of $1.25 million, the Downtown-Financial District became Boston’s most expensive neighborhood in the first half of 2021.
The National Hot Rod Association (NHRA) recently listed for sale its headquarters in Glendora, Calif.,…
A fund affiliated with Hines recently agreed to purchase PG&E’s San Francisco headquarters as the utility and energy company is preparing for a relocation and consolidation in Oakland.
Key Takeaways: Home sales dipped in NYC, but increased substantially in many of the city’s…
A recent study highlighted the 50 most expensive submarkets for office space, finding that most are concentrated in select markets in California and New York.
Metlife’s asset management branch recently announced the sale of a 304,000-square-foot office tower in Denver for $74.3 million.
The REIT paid $131 million for its venture partner’s 75% stake in a Raleigh office campus.
REIT CIM Commercial Trust signed a tenant for eight years in one of Austin’s most popular destinations for office space.
Mortgage lender PennyMac Loan Services recently announced it had signed a lease for 3201 E….
Trinity Capital — a lender specializing in loans and equipment financing for growing tech companies — announced a lease for an office space in Phoenix that it intends to turn into its new headquarters.
Apple recently announced it had signed its biggest lease yet in New York City — a 336,000-square-foot office space in Midtown Manhattan.
Brookfield announced it had purchased a 343,000-square-foot Bellevue commercial property currently occupied by Facebook.
Centric Brands signed a lease for 212,000 square feet of office space in the Empire State Building directly from the property’s owner, the Empire State Realty Trust.