Tag: rates
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US office markets enter growth cycle as vacancy rates decline: JLL
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The U.S. office market is bouncing back, entering a growth cycle after years of fighting vacancies, according to JLL’s Q3 office market dynamics report. National office vacancy rates declined for the first time since early 2019, falling…
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NYC zoning changes, high vacancy rates drive office conversion activity
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Changes in zoning policy are helping to boost office-to-residential conversion activity in New York City, with annual conversions growing from 1.6 million square feet in 2023 to 3.3 million in 2024. Through August 2025, 4.1 million square…
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September Office Report: Occupancy Rates Stay Low
As hybrid work options seem to have become an expectation in much of the corporate world, office properties continue to experience low physical occupancy levels. The pain from this new reality will not be felt equally across markets however, as New York City is seeing the most leasing activity and highest demand of the last…
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‘Be vulnerable’: Shawmut safety chief on value of partnerships to lower suicide rates
Editor’s note: This story focuses on the topic of mental health and suicide. For more information, see our editorial standards. If you or someone you know is having suicidal thoughts, call the National Suicide Prevention Lifeline at 988. Shaun Carvalho knows that suicide prevention efforts can have a big impact. The chief safety officer at…
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The costs of sanding a wood floor — from professional rates to DIY sander tools
There are plenty of good reasons to sand a wood floor. It can make the floor (or subfloor) level, removes stains or unwanted paint, and gives the wood a silky-smooth finish that feels great underfoot. I should know, as I sanded my self-layed parquet floor using orbital sanders. One thing that might put you off…
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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Data center vacancy rates hit record low
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Data center vacancy rates plummeted despite ongoing infrastructure build outs during the first three months of the year, according to CBRE research published Tuesday. The capacity crunch was most acute in major U.S. markets, where…
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HS2 confirms probe into allegations of inflated labour rates
HS2 has confirmed it launched an investigation earlier in the year into allegations of overinflated rates by two of its labour suppliers. The investigation followed allegations by a whistleblower that a company had been declaring self-employed workers as PAYE (pay as you earn) staff and charging an inflated rate for them, the i Paper first…
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AI project failure rates are on the rise: report
Dive Brief: More enterprises reported AI project failures this year compared to 2024, according to analysis from S&P Global Market Intelligence. The findings are based on a survey of more than 1,000 respondents in North America and Europe. The share of companies abandoning most of their AI initiatives jumped to 42%, up from 17% last…
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Mortgage price war heats up as rates fall below 4%: homebuyers urged to act fast
A mortgage price war has erupted among major UK lenders, with Santander, Barclays, and Nationwide all launching deals below 4% for the first time since November. The rate cuts come as the Bank of England’s recent decision to lower the base rate to 4.5% fuels competition among lenders as more people look to secure cheaper…