Office

Is Salt Lake City’s Office Market Set for a Rebound?

by John Nelson April 24, 2026

— By Mike Embree of Drawbridge Realty — After 16 consecutive quarters of either negative or negligible net absorption, Salt Lake City’s office market closed 2025 on a positive note. The end result was 114,700 square feet of direct occupancy gains, per Cushman & Wakefield. This resulted in 263,000 square feet of direct absorption for the year, spurring a 500-basis point decline in the direct vacancy rate, which now stands at 19.4 percent. It’s too early to say that the market has turned the corner, but the signs are promising. For landlords, one positive in a market with about 10 million square feet of availability is that new office construction has effectively stalled for now. Only one building was delivered in 2025, adding just 180,000 square feet to the existing inventory with no new office projects on the drawing board. At the same time, more than a dozen buildings were removed from the office leasing market, either by developers pursuing multifamily conversions or purchases by owner-users. One such sale occurred in the fourth quarter when the Salt Lake City Corporation of Public Utilities purchased One Airport Tech, a two-story, 87,657-square-foot building near Airport Technology Park campus. C&W data notes …

April 24, 2026

Acquisitions Office Retail Texas

Joint Venture Acquires 53,000 SF Office, Retail Building in San Antonio

by Taylor Williams April 23, 2026

SAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket. According to LoopNet Inc., the property at 5108 Broadway St., which is known as Stewart Center, was built on 2.1 acres in 1957. The seller and sales price were not disclosed.

April 23, 2026

Acquisitions Iowa Midwest Office

NAI Ruhl Brokers Sale of Two Office Buildings Totaling 113,427 SF in Quad Cities

by Kristin Harlow April 23, 2026

DAVENPORT AND BETTENDORF, IOWA — NAI Ruhl Commercial Co. has brokered the sale of two office buildings in the Quad Cities. The properties were formerly owned by the Slavens family and served as the longtime home of Northwest Bank & Trust, now Time Bank. A nine-story building at 100 E. Kimberly Road in Davenport totals 67,839 square feet, while a six-story building at 2550 Middle Road in Bettendorf totals 45,588 square feet. Both properties are considered regional landmarks, according to NAI Ruhl. They house approximately 60 tenants, including business uses such as banking, legal services, accounting, medical practices and counseling services. Charlie Armstrong and Alex Kelly of NAI Ruhl represented the buyer, Avalair Group. Bobbie Slavens of Hawkeye Commercial Real Estate represented the seller, River Cities Development LLC, a subsidiary of Northwest Investment Corp. Tower Trust & Investment Co. and Centennial Tax & Accounting, both subsidiaries of Northwest Investment Corp., will continue as full-floor tenants. Armstrong and Kelly will handle leasing for both properties, and NAI Ruhl’s property management division will provide property management services.

April 23, 2026

Market Reports Midwest Midwest Market Reports Minnesota Office

In 2026, Twin Cities Office Market Is Sorting

by Kristin Harlow April 23, 2026

By Anders Pesavento, Cushman & Wakefield If you have ever been to a pro sports game or a concert and felt that collective buzz, you know exactly what I mean — it is electric. The kind of energy that makes you look around and think, right, this is why we do this. I felt it first-hand when the Cross Country Skiing World Cup came to Minneapolis in 2024, and more than 30,000 people packed into one place to cheer on the athletes. That day was a reminder you cannot replicate with a livestream or a group chat: humans feed off other humans. The office market is tapping into that same instinct, just in a quieter way. That is why the conversation has moved from whether office matters to which offices matter. It is not a blanket comeback. It is a sorting. We are not rewinding to 2019. Companies are using spaces differently and choosing buildings that help them recruit and retain talent. Hybrid schedules are real, but so is the need for culture, onboarding and collaboration that works best face-to-face. That shift makes “vacancy” a blunt instrument. Real vacancy is the space that is truly available in buildings that can …

April 23, 2026

Features Office Southeast Southeast Feature Archive

Next Generation of Office Space Is Designed to Perform

by John Nelson April 23, 2026

Walk through almost any office today and you will likely see a familiar scene: employees sitting at their desks wearing headphones, speaking into laptops and participating in video calls. Some are presenting to colleagues working remotely. Others are joining quick internal check-ins or connecting with clients across the country. Individually, these conversations are part of the normal rhythm of modern work. Together, they can create a surprising amount of background noise. This reality is one of the biggest forces reshaping office design. For years, workplace design emphasized openness. Walls came down, benching systems replaced private offices and large collaboration areas were introduced to encourage interaction. But as hybrid work has become the norm, organizations are recognizing that offices must support a wider range of activities than they once did. Employees still come to the office to collaborate and connect. At the same time, many arrive with schedules filled with focused individual work and virtual meetings that require quiet and concentration. As a result, workplace design is evolving. Instead of choosing between open offices and private offices, organizations are focusing on balance, creating workplaces that support focus, collaboration and connection within the same space. Privacy returning to offices One of the …

April 23, 2026

Acquisitions Office Restaurant Retail Texas

MetroNational Buys 218,000 SF Office, Retail Development in Houston’s Heights District

by Taylor Williams April 22, 2026

HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.

April 22, 2026

Georgia Leasing Activity Mixed-Use Office Southeast

Coreforce Signs 32,945 SF Office Lease at Uptown Atlanta Mixed-Use Development

by John Nelson April 22, 2026

ATLANTA — Coreforce, a public safety tech firm based in Decatur, Ga., has signed a 32,945-square-foot office lease at Uptown Atlanta, a mixed-use development by Rubenstein Partners LP that straddles Atlanta’s Buckhead and Midtown submarkets. Kyle Kenyon and Chris Port of CBRE represented the landlord in the lease transaction. Coreforce, formerly known as Utility Associates, has 200 employees and provides software for first responders and other frontline professionals. The firm will relocate from Decatur and occupy the entire 10th floor at Uptown Atlanta, which features more than 1 million square feet of office space. Other office tenants include The Academy for Innovation in Medicine, Stadler Rail, Entertainment Partners, MARTA CPEI group and Skillshot Media. The development also includes more than 100,000 square feet of retail space leased to J’ouvert Caribbean Kitchen, Bene Korean, Sugarcoat, Roundhouse Kickboxing, The Commodore and 26 Thai Kitchen, among others.

April 22, 2026

Acquisitions California Mixed-Use Multifamily Office Retail Western

Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California

by Amy Works April 22, 2026

POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.

April 22, 2026

1-3-Eves-Drive-Evesham-Corporate-Center-Marlton-New-Jersey

Acquisitions New Jersey Northeast Office

Colliers Brokers Sale of 160,000 SF Office Portfolio in Marlton, New Jersey

by Taylor Williams April 22, 2026

MARLTON, N.J. — Colliers has brokered the sale of a portfolio of six office buildings totaling approximately 160,000 square feet in the Southern New Jersey community of Marlton. The portfolio comprises two single-story buildings totaling 33,317 square feet at 1 and 3 Eves Drive, as well as Evesham Corporate Center, a 14.2-acre development that houses 133,822 square feet of office space across four buildings. The Eves Drive buildings were fully leased at the time of sale, while Evesham Corporate Center was roughly 65 percent leased at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers brokered the deal. The buyer and seller were not disclosed.

April 22, 2026

Leasing Activity New York Northeast Office

Turner & Townsend Signs 24,394 SF Office Lease in Midtown Manhattan

by Taylor Williams April 22, 2026

NEW YORK CITY — Turner & Townsend has signed a 24,394-square-foot office lease in Midtown Manhattan. The professional services company has committed to the sixth floor of 100 Park Avenue, a 36-story, 905,000-square-foot building, on a 12-year term. Mary Ann Tighe, Stephen Eynon and Alessia Lawson of CBRE represented the tenant in the lease negotiations. Harry Blair, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield represented the landlord, SL Green. The building is now fully leased.

April 22, 2026

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