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Q1 Office Market Sales Down 17%

Q1 Office Market Sales Down 17%

by Phil Hall | Apr 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The U.S. office market generated $5.4 billion in first quarter sales, according to new data from CommercialEdge. This represents a 17% decline from the $6.5 billion from the first quarter of 2023 and significantly below the $18.9 billion generated two years earlier in...
Survey: The Global Workforce Isn’t Fully Back in the Office

Survey: The Global Workforce Isn’t Fully Back in the Office

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

While the world has moved on from the Covid-19 pandemic, the global workplace has yet to fully resume its pre-pandemic status – especially in office properties. A new survey by Unispace of 9,500 employees and 6,650 employers from 17 countries found that only half of...
Toronto Office Market Could Have Oversupply Through 2041

Toronto Office Market Could Have Oversupply Through 2041

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Greater Toronto Area (GTA) runs the risk of having a significant oversupply of office space that will impact the market until at least 2041. A new report prepared by Altus Group and released by NAIOP Greater Toronto predicted the near-future with three hybrid work...

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