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As we inch closer to the first completions of the current downtown development cycle, the upcoming 16 percent Class A inventory increase has already had a significant impact on the office market. Driven by the engineering, legal and technology sectors, pre-leasing for the six buildings scheduled to be completed by 2015 has reached 73.0 percent. The lack of relocation and expansion options in the Downtown Core over the past few years has minimized office opportunities for multi-floor occupiers and has been the catalyst for larger tenants looking to secure space in the new inventory.
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