Founded in 1997, the company, a systems integrator and consultant catering to the financial industry, needed the new space to accommodate its growth. It chose this city, according to Marnie Butler, netNumina's marketing manager, because it is "more accessible to the city and better for clients."
While Butler did not disclose the lease rate, this area until very recently had seen its lease rates shoot up to the $60s and 70s per sf as high tech tenants struggled to find space here. With the high-tech bust, vacancy rates here have suddenly shot up as firms dump space onto the market. Butler also did not disclose when the lease was signed. It still unclear how quickly the changes to the market will be reflected in local rents.
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