Deloitte Touche Tohmatsu, one of the world’s so-called “Big Four” accounting and business consulting firms, is giving up a 185,000-square-foot building in New Street Square, a prestigious office address in the heart of London, the company has announced. Deloitte also decided not to reopen another London office; it closed early in the COVID era and...
72 search results for: Deloitte Abandons More London Office Space
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TOP TREND 2023, OFFICE BUILDING BUST: COMPANIES ORDER WORKERS BACK TO OFFICES, LEASE MORE SPACE—BUT…
In a sign that the tumbling market for office space might be bottoming out, companies are ordering workers back to the office and, as those employees comply, businesses are finding they need to expand their office space, The Wall Street Journal reported.
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TOP TREND 2023: OFFICE BUILDING BUST: LANDLORDS OFFER TURNKEY OFFICE SUITES TO LURE TENANTS
In Canada, where the office vacancy rate rose to 14.7 percent in the third quarter, office landlords are offering prospective tenants turnkey office suites, with desks, chairs, breakrooms, and other accouterments already in place.
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TOP TREND 2023: OFFICE BUILDING BUST
At the 2020 onset of the COVID War and the shift to remote work, we correctly had forecast in May of 2020 that office buildings’ market value would plunge.
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TOP TREND 2023, OFFICE BUILDING BUST: OFFICE TOWERS FALLING
American Equity Partners (AEP) bought 1 Tower Center, a 24-story office block, in 2019 for $38 million—a good deal at the time but a higher price than many similar buildings fetch now.
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TOP TREND 2023: OFFICE BUILDING BUST
Buildings constructed for life sciences companies—decked out with labs, clean rooms, sensitive ventilation systems, and other custom details—were prime investments as the COVID War raged.
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TOP TREND 2023, OFFICE BUILDING BUST: DESPITE RECORD VACANCIES, NEW YORK CITY’S OFFICE BUILDINGS RISE IN VALUE
Even with a vacancy rate just below 25 percent, the assessed value of Manhattan’s office buildings has crept up from $202.3 billion to $204.8 billion since July 2020, when the COVID War sent workers home and market values sliding.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.
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TOP TREND 2023, OFFICE BUILDING BUST: COMMERCIAL REAL ESTATE BUST UNDERMINING BOND DEALS
Thanks to the tumbling values of commercial properties, defaults are on the rise in a sector of the debt market known as single-asset, single-borrower bonds (SASBs).
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TOP TREND 2023, OFFICE BUILDING BUST: SPECULATORS BUY TROUBLED OFFICE BUILDINGS AT BARGAIN PRICES
As the market for office buildings crashes, speculators are now buying select properties they think will rebound in value when the crash hits bottom.