JLL reports that It found that trophy vacancy has increased from 8.4% to 10.3% over the first half of 2017 and that occupancy gains over the past year have declined 71%.
Today, $30-39 per square foot rents comprise only 20% of leases, while the share of $40-49 per square foot rents has increased from 15% in 2007 to 59% year to date.