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Delayed Moves Could Portend Deal Surge

BOCA RATON, FL-Office brokers hope new interest by big companies leads to a rebound.

By Polyana da Costa | Updated on June 18, 2009

(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.

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