Live Breaking News & Updates on Leasing Activity|Page 7
Stay updated with breaking news from Leasing activity. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Industrial & Logistics (I&L) sector has recorded a 35% Y-o-Y surge in total leasing, which stood at 19.1 mn. sq. ft. across 8 cities during Jan-Jun 2023 period. According to CBRE, the leasing activity is expected to sustain its momentum in the Jul-Dec23 period, which is expected to be partly driven by festive season sales observed across the country. ....
Freehold Royalties Announces Second Quarter Results einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Renewing leases. accommodating people who want a hybrid work schedule. leasing activity in new york fell in the second quarter of this year down 34% from the first quarter. that means less money flowing from tenants to landlords between 2019 and 2022. economists show that revenue from leases fell more than 18%. next they say low occupancy decreases the value of the building. here is where we get into the doom loop cycle. office stock in new york city fell 69 billion from last year. that will impact tax revenue. projecting into 2029 economists say losses in property value mean new york will lose 6 1/2% tax revenue. what happens next? cuts to city services. to fill the gap they would expect the city to increase taxes and fees for people who live here. making big cities like new york and others much less attractive to live in. we know the exodus is happening. ....