Technology

Cresa has represented tenant Exostar LLC in its 21,500-square-foot lease at Dulles Metro Center, a 225,029-square-foot, eight-story office building located at 2325 Dulles Corner Boulevard in Herndon, VA.

The amount of sublease office space available in downtown Vancouver is currently at a 32-year high, and with further increases expected, it could reach levels not seen since the mid-to-late 1980s. “It’s quite something really,” said Vancouver-based Ross Moore, a managing broker at real estate company Cresa, which advises companies on leases.

There’s been a lot of news recently about the financial pressures facing suburban Chicago commercial office landlords who have financed their office buildings via commercial mortgage-backed securities (CMBS) loans. While the financial challenges these buildings face continue to grab the headlines, there is a much less visible yet greater amount of privately funded commercial office landlords that could be facing dire financial changes over the next couple of years.

Efficient lab operations are critical to business continuity in the life sciences community.

Cresa has represented tenant Exostar LLC in its 21,500-square-foot lease at Dulles Metro Center, a 225,029-square-foot, eight-story office building located at 2325 Dulles Corner Boulevard in Herndon, VA.

The space was designed as a showplace and “test lab” for workplace planning concepts and allows Cresa to test out new ideas in real time, while at the same time, show clients and visitors alike how workplace planning can impact employee work and productivity.

Standard Solar, a renewable energy solar manufacturing company, is growing its space in Rockville, Md.

The disruption of global supply chains has caused ripples throughout the shipping and freight industry. Companies are hoping that 2023 provides some stability.