Commercial

US Office Market Sees Rental Rates Rise Despite Leasing Lull

Average asking rents for U.S. office space increased in the first three months of 2011, despite a slowdown in leasing activity, according to Cushman & Wakefield's first quarter statistics for the Central Business District (CBD) office market.

Significant Development in Retail Property Sector in Oman

The commercial property sector in Oman has seen some significant developments, particularly in the retail market, according to the Oman quarter one 2012 report from Cluttons which has been operating in the sultanate for 25 years.

Coty Expands in Empire State Building

Beauty company Coty Inc has signed a new lease for 317,716 square feet (29,517 square meters) in New York City's Empire State Building, adding two floors to the four it already occupied in the iconic skyscraper.