Great Deals - Fall 2013

If you are looking for office space; there are some great deals downtown!  Downtown houses approximately 1,511,217 square feet of class A office space in multi-tenant buildings over 30,000 square feet.  Approximately 243,938 square feet is vacant or 16%. With this high vacancy rate, opportunities for office tenants abound as the high supply has landlords competing for the few tenants looking in our market.  The landlords are listening to the tenants and structuring some pretty attractive deals.  When will this change?  When the downtown Class A office vacancy is lowered to an acceptable 4%-7%; until then it is a tenant’s market.