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Oct 1, 2024 · CBRE national research managing director Marc Meehan said a gap is emerging between older office buildings, where demand is lagging, and “trophy assets,” which the firm describes as the top tier...
Oct 2, 2024 · CBRE national research managing director Marc Meehan said a gap is emerging between older office buildings, where demand is lagging, and “trophy assets,” which the firm describes as the top...
Aug 20, 2024 · Although rising availability and vacancy rates suggest a tenant-favourable market, the demand for premium Trophy-class buildings remains strong, driving up rental rates in prime locations. Rental Rates. The average asking net rental rate across the GTA rose to $27.30 per square foot (psf) by the end of Q2.
- Joanna Gerber
Oct 17, 2022 · Demand for new trophy office space is rising, though construction costs and inflation are limiting development. Preston Young, National Head of Office... | office
Jan 18, 2024 · Without enough new product coming online, cities that have recorded increased trophy and Class-A leasing demand will continue to see the market tighten for tenants. D.C.’s trophy office vacancy rate dropped in Q4 from 11.8% to 11.5%, the lowest level in at least a decade, according to CBRE.
Jul 22, 2024 · In downtown, the average rent climbed by $0.50 to $36.60 psf, driven entirely by so-called trophy buildings — a small, unofficial class of investment-grade properties that lead the industry in cutting-edge technology and high-end design. This asset class saw a sharp increase to $52.60 psf.
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Are tenants willing to pay for trophy office space?
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Mar 28, 2022 · Increasingly, that dynamic includes trophy office space with modern amenities, natural light, impressive views, clean air, sustainability credentials, and plenty of communal areas where people can interact.
