office space

Saudi Prince to Build World's Tallest Tower

Saudi Arabia's Prince Alwaleed bin Talal -- a rich investor who holds stock in many of the world's largest companies, including Citigroup and News Corp. -- has announced his next investment: the world's largest tower.

Rents in D.C. Now Challenge New York

New York's office vacancy rate started to climb dramatically after Lehman Brothers collapsed in September 2008 and has not yet recovered. New York's loss puts Washington, DC, on track to overtake New York as the most expensive place to rent office space in the U.S. That's thanks to the government expansion and the increase in the need for rental space in the nation's capital for firms that do business with government, including lobbyists, corporations and contractors.