The considerable cooling in the technology sector played a major role in the downturn, according to Grubb & Ellis. Many of these firms were tenants in the Airport area and South County, which have been hard hit by the dot.com bust. However, the report does point out that technology segments such as biotech, pharmaceuticals, communications and security, will benefit from increased spending and may expand into larger spaces here in the future.
Continue Reading for Free
Register and gain access to:
- 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
NOT FOR REPRINT
© 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.
