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Chicago Tribune (May 15)

2020/ 05/ 16 by jd in Global News

The Coronavirus presents major challenges—a “wrecked economy, less office space demand, scarce financing”—to Chicago’s megadevelopments, calling in question whether many “can continue, if they’ll be pushed into the next construction cycle, or worse, go the way of the never-built Chicago Spire and Miglin-Beitler Skyneedle.”

 

South China Morning Post (May 12)

2020/ 05/ 13 by jd in Global News

In Hong Kong, the “coronavirus crisis is shaping the future of office space…. Net absorption of office space has fallen to an 18-year low…. In the long run, the Covid-19-induced trend towards flexible working arrangements will drive office decentralization.”

 

Reuters (July 26)

2015/ 07/ 27 by jd in Global News

“Tokyo office rents have climbed to their highest since April 2011 as the economy gathers steam and demand for office space increases. But property analysts say the growth in rents is small and will be capped by imminent launches of new office towers.” 

 

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