(This story, in slightly different form, originally appeared in Incisive Media's Daily Business Review.)
BOCA RATON, FL-After many months of stagnant leasing activity locally, a number of large companies are exploring potential office deals that brokers hope is a sign a rebound is in the making.
"For the last seven to eight months, nobody wanted to make commitments," says Neil Merin of Merin Hunter Codman. "Now, they are having to make decisions, so we are seeing an uptick in activity, and we are hopeful that will result in an increase of leases" being signed in the next few months.
Boca Raton, home to about half of Palm Beach County's office space, is considered a bellwether market but has been hit hard by the recession. During any given time, as much as 30% of leases are set to expire.
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