Return To Office Not Happening Across The Board

USA – While Kastle Systems’s latest Workforce Barometer showed that office occupancy level has increased significantly during the start of Autumn, the return-to-office trend is not happening across the board, according to a new report...

New York Office Bldgs May Lose US$50bil In Value

USA – Office buildings in New York could potentially lose about US$50 billion in their value as many employees continue to work from home (WFH), reported Bloomberg on Monday evening (3 October, SGT). Based on a...

CapitaLand Ascendas REIT To Convert California Office Bldg Into Life Science Property

USA – CapitaLand Ascendas REIT, formerly known as Ascendas REIT, intends to transform a 94,230 sq ft office building in San Diego, California into a life science asset after fully leasing the property to a...

New Demand For US Office Space Falls For 3rd Straight Month

USA – The latest VTS Office Demand Index (VODI) showed that new demand for office space across the country declined for the 3rd straight month in August and fell to below 50 percent of its...

US Office Market To Recover Slower Than Asia’s

USA – Property consultancy CBRE said hybrid working has negatively impacted office space demand across the world, reported Bloomberg on Monday (26 September, SGT). “There’s no part of the world that is untouched by the growth...

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