Building flex space has gained popularity in the metropolitan arealately, as developers want buildings that can be used as office space oreasily converted to warehouse use. In this complex, tenants arepredicted to be heavy office users, Wilkerson says. According to a survey conudcted by the company, the vacancy rate for such spacein Johnson County is less than 7%.
There will be four buildings in the park, with the largest being 76,000sf, with ceilings of at least 20 feet. It will be built-to-suit forboth office and warehouse use. The other three buildings will beone-story structures. The smallest office spaces have been designed tobe no less than 5,000 sf.
Construction is expected to be completed in May. Leases may be offeredas early as March, with rates probably being less than $20 per sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
