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In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [5] In Europe, approximately half of the €960 billion of debt backed by European commercial real estate is expected to require refinancing in the next three years, according to PropertyMall, a UK ...
Half of companies that currently rent office space say that these contracts have affected decisions to bring workers back, with 16% saying they’ve had a “major impact,” according to a recent ...
For example, if a company leases an office space directly from a landlord, the lessor, and subsequently outgrows the office, then the company can sublease the smaller office space to another company, the subtenant, and enter into a new lease for a larger office space, thereby hedging their real estate exposure.
In July 2003 the space was 82% booked for occupation. Calpine and Burlington Resources, another energy company, leased space in the building; each company agreed to lease 250,000 square feet (23,000 m 2) of space. In addition Jones Day agreed to lease over 50,000 square feet (4,600 m 2). [2] The building opened on Monday November 10, 2003.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
The lease of 222,730 square feet (20,692 m 2) of space is one if the largest headquarters leases to have occurred to date. The estimated value if the lease, except for concessions and escalation, was $70 million. [1] The company consolidated its out of state jobs into the new facility, with 200 additional jobs going to Buckhead.
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