Office Tower Occupied By Facebook Sold For US$365m

USA – A newly completed 11-storey office tower fully leased to Facebook in Spring District, a 36-acre transit-oriented mixed-use project in Washington’s Bellevue area has changed hands for US$365 million, reported The Business Journals on...

Silicon Valley Most Resilient Office Market In The US

USA – Despite the severe effects of the COVID-19 pandemic, California's Silicon Valley is considered as the most stalwart office leasing market in the United States, reported The Mercury News on Monday afternoon (26 October). According...

Pandemic Helping Coworking Sector Says Moody’s; WeWork Could Default Warns Fitch

USA – Coworking space providers like WeWork are seeing higher take-up during the COVID-19 pandemic from staff fed up with working from home and companies ditching long traditional leases in favour of flexible arrangements, reported...

Over 3 In 4 CEOs May Downsize Office

USA – About 76 percent of chief executive officers (CEO) surveyed said they will require less office premises in the future, reported Fortune on Thursday evening (22 October). Around 28 percent quantified the office space...

Property Big Shots Share Office Leasing Trends Amidst COVID-19

USA – A panel comprising some of the most well-known figures in a commercial property recently held a talk with Bisnow Media, wherein they extensively shared the new trends in the office property market as...

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