MIAMI—In 2010, when more than 1 million square feet of office space delivered to Downtown Miami and Brickell during one of the worst real estate busts in history, a buzz phrase emerged: flight to quality. Now, that buzz phrase is making a comeback as businesses begin moving once again from class B office buildings to more efficient spaces in class A buildings.
GlobeSt.com caught up with Greg Martin, a principal at Avison Young, to get his take on the trend in part one of this exclusive interview. Be sure to return this afternoon for part two, where Martin will discuss what does this mean for mid to large-sized office tenants looking to expand, what it means for class B buildings, and more.
GlobeSt.com: What are the economic elements that are causing small to mid-sized businesses to feel more confident in the market?
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