There has been much debate recently about companies’ decisions to implement an open floor plan in the office or opt for a layout more oriented towards private individualized workspaces.
Suburban-urban cores chock full of amenities are proving to be popular among tenants and leasing up quickly along the West Coast.
Meanwhile, suburban offices with expansive campuses are struggling to gain tenants, especially in the Bay Area.
Investors continue to prefer core and core-plus investment strategies, but some of their focus has shifted to value-add class-B assets.
With tenants typically only occupying office buildings during the day, a case could be made that it’s a waste of space and energy for buildings to sit empty after quitting time while landlords continue paying operating costs 24/7.
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Facebook Inc. signed San Francisco’s largest office lease in three years, taking the entire office portion of 181 Fremont in another blockbuster deal in the city.
Facebook said its Instagram photo app division would be the first occupants of the tower.
The developer behind a long-vacant Mid-Market shopping mall now wants to convert some of its upper floors to office space.