03.18.2024
Law firm office-leasing activity hit a milestone in 2023. It could fuel a domino effect.
The legal industry leased more office space last year than it has since the Covid-19 pandemic. In 2023, U.S. law firms leased a collective 16.9 million square feet, according to Cushman & Wakefield plc (NYSE: CWK).…
Read More03.15.2024
National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers
CHICAGO (March 15, 2024) – The National Association of REALTORS® (NAR) today announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims…
Read More03.14.2024
Will Commercial Real Estate Sink or Swim in 2024?
In 2024, we anticipate that the commercial real estate industry will continue to face distress with some stabilization. This alert focuses on three subsets of the commercial real estate market: retail, office, and multi-family. Each…
Read More03.14.2024
The commercial real estate time bomb
Office vacancy rates have climbed sharply in the wake of the pandemic after falling steadily in the decade before, reaching a record 13.1 percent last year, according to data from the Treasury Department’s Financial Stability Oversight…
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