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The Most Expensive Empty Building in America Finally Woke Up

Greg Gomer — Sun, 16 Aug 2026 13:54:49 GMT

Google signed a full-building lease on Austin’s Sail Tower in 2019. All 804,000 square feet of it, 35 stories, brand new. Then nobody moved in. The tower sat essentially dark until late 2025, and for roughly the last three of those years Google was paying an estimated $53 million annually for the…

The Building Is Falling Apart. The Rent Is at a Record.

Greg Gomer — Wed, 12 Aug 2026 13:46:11 GMT

A half-floor unit on the 94th floor of 432 Park Avenue sold this month for $22 million. It was asking $33 million two years ago. The seller’s trust took a $9.5 million loss against what they paid in 2019. The listing broker called the number “the new market reality.” Same building, same month:…

The Office Market Just Beat 2019. Your Building Might Not Have.

Greg Gomer — Sun, 09 Aug 2026 13:34:34 GMT

U.S. occupiers leased 127.3 million square feet in the first half of 2026. Strongest first half since 2019, 13% ahead of last year, and the second quarter alone ran about 9% above the average quarterly pace of 2017 through 2019. Propmodo’s Travis Barrington walked through the new Savills report on…

Everyone in CRE Is Using AI. Almost No One Trusts It.

Greg Gomer — Wed, 05 Aug 2026 13:16:32 GMT

Commercial real estate adopted AI faster than anyone predicted. Lease abstraction, underwriting support, market analysis, document summaries. Then, at almost every firm, the same ritual: a human goes back and checks the AI’s work. Line by line. Propmodo’s Franco Faraudo published a sharp piece on…

The Best Building Demo of 2026 Was a Soccer Stadium

Greg Gomer — Sun, 02 Aug 2026 13:07:03 GMT

Six million fans walked into 16 stadiums this summer with no paper ticket, no badge, and mostly no line. Their face was the credential. Their phone planned the trip from hotel to seat. And a command center watching three countries at once saw the crowd building before the crowd did. Propmodo’s…

WeWork Is 90% Full. The Ten-Year Future Isn’t.

Greg Gomer — Wed, 29 Jul 2026 19:28:44 GMT

WeWork locations are running 88 to 92% occupancy. The company that became a business school case study in how to vaporize $40 billion is now fuller than most of the Class A towers that outlived it. Propmodo told the story this week: post-bankruptcy WeWork is 70% corporate clients, growing a managed…

Law Firms Came Back. Hollywood Didn’t. The Difference Is the Floor Plan.

Greg Gomer — Tue, 28 Jul 2026 17:44:18 GMT

Office vacancy tightened in more than half of major U.S. markets in the second quarter. Los Angeles went the other way: 25.8% and climbing, with Downtown at a brutal 35.3%. Bisnow covered the split this week, and CBRE Vice Chair Jeff Pion named the cause: “We are a market that thrives on…

The Million-Dollar Rooftop: Your Building’s Most Underpriced Asset Is Its Empty Hours.

Greg Gomer — Mon, 27 Jul 2026 13:30:02 GMT

Some landlords are making a million dollars a year on space they never leased.

New York Froze $10 Billion of Data Centers. Office Landlords Just Lost Their Favorite Excuse.

Greg Gomer — Fri, 24 Jul 2026 12:30:37 GMT

On Tuesday, Governor Hochul signed the nation’s first statewide moratorium on hyperscale data centers.

AI Won’t Fix How CRE Makes Decisions. It’s Going to Expose It.

Greg Gomer — Thu, 23 Jul 2026 14:59:31 GMT

88% of commercial real estate investors and owners have started AI pilots, per JLL’s global technology survey of more than 1,500 senior decision-makers.

Law Firms Are Signing Record Leases and Cutting Desk Space. Both Things Are the Point.

Greg Gomer — Thu, 09 Jul 2026 15:41:46 GMT

Legal office leasing is running 46% above its pre-pandemic average. Tech leasing, the sector everyone spent a decade designing offices around, is down 8% against the same baseline.

Brooklyn Just Deleted 336,000 Square Feet of Office. It Was the Right Call.

Greg Gomer — Mon, 06 Jul 2026 14:55:24 GMT

The biggest development in Brooklyn just erased its office component entirely. Cirrus Real Estate Partners and LCOR presented a revised plan for Atlantic Yards Phase II this week.

Brookfield Is Leaving DC Office. Here’s What The Buyers Are Doing That Brookfield Wasn’t.

Greg Gomer — Fri, 03 Jul 2026 11:45:46 GMT

Brookfield Is Leaving DC Office. Here’s What The Buyers Are Doing That Brookfield Wasn’t.

The Recovery Is Real. It’s Just Not Evenly Distributed.

Greg Gomer — Thu, 02 Jul 2026 15:07:39 GMT

New York’s office market is having its best year since the pandemic. Vacancies are tightening, sublease space is shrinking, rents are inching up, and return-to-office is running ahead of every other major U.S. city.

The Skills AI Can’t Replace Are Exactly What Your Building Needs to Provide

Greg Gomer — Thu, 18 Jun 2026 15:03:53 GMT

Graduation unemployment for 22-to-27-year-olds just hit its highest rate since the Global Financial Crisis. Not a great time to be entering the workforce.

The Market Isn’t Shrinking. It’s Sorting.

Meredith Wholley — Thu, 18 Jun 2026 07:06:58 GMT

The State of REX 2026 is here. See the data behind CRE’s experience-led divide, and what the operators pulling away are doing differently.

AI Is the Office Market’s Best Tenant and Its Biggest Long-Term Problem.

Greg Gomer — Wed, 17 Jun 2026 09:51:38 GMT

Tech firms leased 11.5 million square feet of office space in Q1 2026. A decade-high 23% of all U.S. leasing activity, according to CBRE.

Debt Is Cheap. Conviction Is the Scarce Resource.

Greg Gomer — Thu, 11 Jun 2026 12:07:33 GMT

JLL published new data yesterday. Its Global Credit Intensity Rating hit all-time highs. Lenders are fighting to put money to work in commercial real estate.

New Tenants Are Back. What the Data Says They’re Actually Coming For.

Greg Gomer — Mon, 08 Jun 2026 16:24:38 GMT

Piedmont REIT announced on June 1 that it had signed 240,000 square feet of new leases in the second quarter through that date.

AI Isn’t Killing Commercial Real Estate. It’s the Most Disruptive Landlord It’s Ever Had.

Greg Gomer — Wed, 03 Jun 2026 15:14:49 GMT

In mid-May, Meta cut 8,000 employees. In the same earnings call, the company raised its 2026 data center spending forecast to $125-145 billion. Up 8 percent from its prior estimate.