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Latest Commercial Real Estate News Covering Major Office Markets

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Raffles Place, Marina Bay Generally Deserted After Workplace Capacity Reduced

SINGAPORE – After the government reverted workplace capacity to 50 percent since Saturday, a check by a news agency found out that places that used to be packed with office crowds have become devoid...

CapitaLand Provides Updates On Occupancy, CapitaSpring, & WeWork’s Biggest Branch

SINGAPORE – CapitaLand revealed that committed occupancy rate at its office properties in the city-state stood at 91.1 percent as of the first quarter of the year, according to the company’s Q1 2021 Business Updates...

Office Tower In Sydney Suburb Sold For A$150mil

AUSTRALIA – An 11-storey Grade A office tower within the suburb of Mascot in Sydney’s south has been acquired for A$151.5 million, reported the Australian Financial Review on Tuesday evening (11 May, SGT). It was purchased...

Flight-to-quality A Bane For Secondary Office Space

AUSTRALIA – As occupants take advantage of falling rents to secure workspace with better specifications, secondary office space will be more affected by the COVID-19 pandemic than prime office premises, according to a recent report...

Offices In New York To Fully Reopen Next Week

USA— New York City’s Mayor Bill de Blasio announced recently that workplace capacity in the Big Apple will be restored to 100 percent by 19 May, while all business sectors in the city are expected...

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