仲量联行今日发布的报告显示，二季度，北京全市甲级办公楼平均租金降幅收窄，空置率基本保持稳 定。仲量联行北京商业地产部高级董事张斯亮认为，年内低租金阶段有望维持，或吸引租户以合理成本 搬迁至更优质的办公空间。随着续租条款更为灵活，业主之间对搬迁租户的竞争激烈程度预计加剧。 报告还显示，北京甲级办公楼平均租金降幅收窄。全市租金延续了前几个季度的下行趋势，环比下降 4.0%，同比下降16.8%。在全市大部分区域租金持续大幅下行的环境中，中关村租赁市场受科技行业租 户支撑，部分高入驻率项目租金已基本止跌。 "对于2025年的北京甲级办公楼租金走势，我们维持年度降幅14.8%的预测。"张斯亮说，由于预计整体 租金将在年内持续下探，这一低租金阶段有望吸引租户以合理成本搬迁至更优质的办公空间。随着续租 条款更为灵活，业主之间对搬迁租户的竞争激烈程度预计加剧。 报告显示，二季度，北京全市甲级办公楼整体带看量与年初相比有所回落。在当前市场新租需求疲弱的 环境下，业主积极挽留楼内优质客户。目前业主为租户续租提供了更为灵活的租金折扣及免租期，部分 业主还通过在续约合同中附加免费车位等条款以吸引租户原址续租。其中，科技企业租赁表现相 ...

Houston, Texas, USA downtown city park and skyline.getty“Programmer.”My wife nailed it as we stepped into the open house, staring into the front room labeled “home office.” Shoes off, respecting the homeowners still living there.“They’re hoping for a rentback,” explained the realtor. “The couple has to move out of town for work.”Ah, another casualty of the return-to-office mandate! Back to the Bay Area for these two. They’re far from alone. Major cities—Boston, New York, San Francisco—are shaking off five y ...

Group 1: Company Overview - CP Center is a landmark building in Beijing, recognized as the preferred office space for global enterprises due to its international business appeal and exceptional operations [1][3] - The building features two twin towers standing 238 meters high, with a total gross floor area of 317,000 square meters, including 198,000 square meters of office space and 43,000 square meters of retail facilities [5] Group 2: Business Environment - Beijing CBD is highlighted as one of the world's premier central business districts, providing a dynamic business ecosystem and access to international resources, making it ideal for multinational corporations [3] - CP Center serves as the headquarters for CP Group in China and integrates business, commerce, culture, and community, fostering an international business ecosystem [3][7] Group 3: Occupancy and Tenants - CP Center has an office occupancy rate nearing 90%, hosting notable enterprises in sectors such as "Great Health" and "Great Future," including Roche Pharmaceuticals, IBM, and PayPal [6] - The commercial spaces within CP Center have achieved a 100% occupancy rate, with the dining sector accounting for over 60% of the offerings [8][9] Group 4: Social Responsibility and Innovation - CP Center has implemented innovative technologies for social responsibility, including an AI-powered intelligent fire management platform and energy-efficient systems to enhance ESG performance [10] - The property utilizes a professional team and an ISO management system to create a comfortable, human-centric environment, offering extensive support through a one-stop service system [11] Group 5: Cultural and Culinary Significance - CP Center showcased its brand strength at the Beijing CBD International Cuisine Tasting and Cultural Festival, attracting exceptional enterprises and talents for collaboration [12]

Kilroy Realty Corporation Quarter Ended December 31, 2024 Company Overview Who is Kilroy? | IO QUICK FACTS | | | | --- | --- | --- | | abilized Portfolio | | 17,142,721 | | ેટ | | 123 | | ed (%) | | 82.8% / 84.9% | | ENANTS BY ABR (1) | | | | % of | % of | Credit Ratings | | ABR (1) | RSF | (S&P / Moody's) | | 5.7% | 5.0% | AA+ / Aaa | | 4.5% | 2.2% | BBB / Baa2 | | 4.2% | 2.5% | NR / NR | | 3.5% | 3.1% | A+ / A1 | | 3.3% | 3.4% | AAA / Aaa | | 3.1% | 2.8% | A+ / A1 | | 3.1% | 1.7% | NR / NR | | 3.0% | 1.4% ...

Empire State Realty Trust (ESRT) 2025 Conference June 04, 2025 11:00 AM ET Speaker0 Good morning. Thank you for attending this presentation for Empire State Realty Trust. My name is John Kim with BMO Capital Markets. It's my pleasure to be moderating this presentation. We have Christina Chu, president of the company, and Tom Dorels, Executive Vice President of Real Estate. I thought we'd just start off with opening remarks and why people should be investing in ESRT today. Speaker1 Sure. Thanks, John. Hi, ev ...

Thailand Research | | 6.31M | 4.89M | 77.5% | 845 .- | | --- | --- | --- | --- | --- | | | SUPPLY | OCCUPIED SPACE | OCCUPANCY RATE | ASKING RENT | | | (sq m) | (sq m) | | (THB / sq m / month) | | % Change | | | | | | Q-0-Q | A 0.1% | A 0.7% | A 0.5% pts. | A 0.3% | | Y-o-Y | A 3.1% | A 2.9% | V 0.2% pts. | A 3.9% | The Thai economy is expected to slow in 2025 amid heightened global uncertainty driven by evolving U.S. trade policies and potential retaliatory measures, which are reshaping global trade, reduc ...

UK Cities 4 Q1 2025 OFFICE MARKET QUARTERLY REVIEW knightfrank.com/research Contents 05 I ABERDEEN 10 I EDINBURGH 11 I GLASGOW 14 I NEWCASTLE 12 | LEEDS 13 | MANCHESTER 16 | SHEFFIELD 06 | BIRMINGHAM 09 | CARDIFF 07 | BRISTOL Key takeaways 1 2 3 Occupier activity remained above Three leasing transactions Availability of new & grade A space is trend, with take-up reaching 1.4m completed above 100,000 sq ft, limited, with a vacancy rate of 3.0%, sq ft in Q1 2025. the highest quarterly total since Q4 effecting ...

2025年伊始，北京写字楼市场并未展现强劲复苏信号，反而显露出深刻的结构性调整迹象。表面看似平稳的去化（净吸纳量微正）实则由"降本增效"驱动 的搬迁主导，掩盖了新增需求的匮乏。 租金的持续深度下滑（同比>15%）已不仅是周期性疲软，更接近于结构性重定价的开端，反映出市场对空间价值评估逻辑的转变。 高企且粘滞的空置率（接近20%）与即将到来的供应高峰（2026-2027年）共同构筑了一个深度租户市场，迫使参与者重新思考资产价值与运营策略。 图源：RET睿意德 在此背景下，市场呈现明显的需求分化：科技（尤其是AI驱动）与部分金融细分领域展现韧性，而传统需求则更趋保守。这不仅是挑战，更是战略机遇 窗口：租户可锁定成本优势实现升级，而业主则面临在激烈竞争中重塑资产吸引力、探索新价值模式的紧迫任务。 01 超越周期：结构性重定价正在发生 图源：RET睿意德 深度洞察 当前北京甲级写字楼租金的持续大幅下跌（Q1环比-4.7%，同比-19.7%）已超越典型的市场周期性调整。这更像是一次结构性的价值重估。其背后驱动力 不仅是近20%的高空置率带来的供需失衡，更深层的原因在于： 价值锚点漂移：传统的"地段为王"逻辑受到挑战。虽 ...

Financial Data and Key Metrics Changes - The company reported FFO of $1.2 per diluted share, with cash same property NOI declining by 160 basis points year over year [19] - Average occupancy ended the quarter at 81.4%, down from 82.8% at year-end [19] - Cash same property base rent growth was 90 basis points despite a 300 basis point decline in average occupancy [19] Business Line Data and Key Metrics Changes - In the office segment, there was a 60% year-over-year increase in tour activity in the San Francisco portfolio, indicating strong future leasing visibility [5][6] - The life science sector remains robust, with no discernible impact on leasing momentum despite market volatility [8][9] - The company signed a significant 60,000 square foot lease with a technology company in San Francisco, marking the largest lease execution since 2019 [5] Market Data and Key Metrics Changes - San Francisco is experiencing a rebound in office demand, driven by return-to-office mandates and a growing AI industry [4][5] - The company noted a positive trend in leasing activity across various markets, with notable increases in Silicon Valley and Seattle [12][14] - The overall office sales volume in Q1 was roughly flat year-over-year, but there is a wider array of capital pursuing deals [12] Company Strategy and Development Direction - The company is focused on maximizing value through selective sales and evaluating land parcels for future development [9][16] - There is an emphasis on maintaining financial flexibility and exploring various paths for the Flower Mart site to adapt to market conditions [25][28] - The company aims to balance economics, future growth plans, and balance sheet strength in its capital allocation strategy [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in San Francisco, citing improvements in safety and vibrancy [4][5] - The company remains committed to corporate responsibility and sustainability goals, with new ambitious targets set for 2030 [10] - Management acknowledged the challenges posed by macroeconomic uncertainty but highlighted strong leasing activity and a growing pipeline [4][6] Other Important Information - The company introduced enhanced disclosures around rental income components and a new retention statistic that highlights the effect of direct leases executed with in-place subtenants [17][18] - The company is actively working on capitalizing on its land bank while also considering operating property dispositions [16][45] Q&A Session Summary Question: Update on the Flower Mart site - Management is exploring a wider range of uses for the Flower Mart site and is hopeful for positive engagement with the new city administration [25][26] Question: Impact of leasing activity and fires in LA - Management noted that some deals were pulled forward into Q4, impacting Q1 leasing activity, but expressed confidence in the pipeline moving forward [30][31] Question: Quantification of leasing pipeline - The leasing pipeline is up approximately 15% quarter-over-quarter, with around 50,000 to 60,000 square feet of deals slipping into April [38][41] Question: Sale of land at Santa Fe Summit - The company is evaluating additional sales of land parcels and focusing on maximizing value based on market demand [43][44] Question: Trends in renewals and expansions - Companies are generally retaining their existing footprints, with some new companies seeking more space, particularly in the AI sector [46][47] Question: Capitalized interest and future projects - Management provided details on capitalized interest for KOP Phase 2 and Flower Mart, indicating significant costs associated with these projects [49][51] Question: Demand in LA and recovery progress - The LA market is fragmented, with some areas like Long Beach performing well, while the Westside is experiencing slower recovery [100][102]

Core Insights - Vornado Realty Trust (VNO) reported first-quarter 2025 funds from operations (FFO) of 63 cents per share, exceeding the Zacks Consensus Estimate of 52 cents, and reflecting a year-over-year increase of 14.5% [1] - Total revenues for the quarter reached $461.6 million, surpassing the Zacks Consensus Estimate of $447.9 million, with a year-over-year growth of approximately 5.8% [2] Financial Performance - Total same-store net operating income (NOI) was $293.3 million, up from $269.1 million in the prior-year quarter, with significant increases in the New York, THE MART, and 555 California Street portfolios of 8.7%, 9.9%, and 7.9% respectively [3] - The New York office portfolio leased 709,000 square feet at an initial rent of $95.53 per square foot, with a weighted average lease term of 14.7 years [4] - In the New York retail portfolio, 25,000 square feet were leased at an initial rent of $222.20 per square foot, with a weighted average lease term of 14.3 years [5] - At THE MART, 83,000 square feet were leased at an initial rent of $51.33 per square foot, with a weighted average lease term of 8 years [6] - At 555 California Street, 222,000 square feet were leased at an initial rent of $120.65 per square foot, with a weighted average lease term of 13.1 years [7] Occupancy and Portfolio Activity - The total occupancy in the New York portfolio was 83.5%, a decrease of 470 basis points year over year, while THE MART's occupancy increased to 78.2%, up 60 basis points year over year, and 555 California Street's occupancy was 92.3%, down 220 basis points year over year [8] - Vornado disposed of two condominium units and ancillary amenities at 220 Central Park South for net proceeds of $24.7 million during the quarter [9] Balance Sheet - Vornado ended the quarter with cash and cash equivalents of $568.9 million, down from $733.9 million as of December 31, 2024 [10] Market Position - Vornado currently holds a Zacks Rank 2 (Buy), indicating a favorable market position [11]