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-0.000436490615451784 7.27484359085618E-05 0.000290993743634454 0.00596537174450744 0.00130947184635535 0.00480139676996942 0.000581987487269115 0.00160046558998981
Stock impact report

BXP chief says the office sector has bottomed, but buildings still need to be demolished [CNBC]

Boston Properties, Inc. (BXP) 
Last boston properties, inc. earnings: 4/28 04:49 pm Check Earnings Report
US:NYSE Investor Relations: ir.bostonproperties.com
Company Research Source: CNBC
Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The U.S. office market has been in a tailspin since the start of the pandemic, when workers were first ordered home. Some, especially younger workers, never came back — leaving many office buildings half full or empty. The overall vacancy rate for offices, however, fell 20 basis points in the third quarter to 18.8%, according to CBRE. While that's still historically high, it marks the first year-over-year decline in vacancy since the first quarter of 2020, when Covid took hold in the U.S. Leasing activity last quarter exceeded the five-year quarterly average, driven by financial services and technology firms, according to the report. The construction pipeline also dropped and is on track for the lowest annual t Show less Read more
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