Brokers Split on Where Big Office Deals Headed

ORLANDO-For Jason B. Kaiser, senior associate in the office group of Trammell Crow Co., the question of where the majority of office leasing activity will take place through 2001 is a no-brainer.

“More opportunity, more new office building construction, more sublease opportunities and more attractive rents can be found in the ‘burbs,’” Kaiser says. Sheer market size alone knocks out the CBD so far as office leasing volume is concerned, he says.

For example, the suburbs have 1.5 million sf of vacancy or 12% of availability, plus about 500,000 sf of sublease space. “This is compared to 625,000 sf of vacancy within the CBD, or 11% of availability, plus about 60,000 sf of sublease space,” Kaiser points out.