"Most of the property owners who completed deals with dot-coms were well aware of the risks associated" and took steps to protect their product, CB Richard Ellis Inc. office-industrial specialist David Murphy tells GlobeSt.com.
"Protecting our clients from tenants with questionable creditworthiness" is a major concern for brokers these days, Murphy says.
In Central Florida, the effect of the dot-com failure has had a limited affect since only about 10% of the area's 28 million sf office is wired for broadband service and other more advanced telecommunications modes, Murphy says.
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