Indeed will lease approximately 200,000 square feet on 10 contiguous floors in the 38-story 686,000-square-foot class-A office tower located in the central business district with a slated completion of July 2019.
The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.
When examining vacancies and rents in the nearby markets of Kirkland, Bellevue and Redmond, it is only logical that Bothell will continue with healthy absorption, decreasing vacancies and rent growth.
Robinson said at this point of the business cycle, clients are focusing on how to get more yield, with roughly 18 to 20% in the traditional value-add category and 6% in open-end funds with an appetite for yield.
The lack of supply along with a healthy demand from logistics companies in El Paso are placing upward pressure on lease rates and developers with surplus industrial land are capitalizing on this phenomenon.
One exception is rents in Hayward which are at a significant discount to neighboring submarkets, and the Mark provides a relatively affordable option for residents priced out of other Bay Area cities.
The average size of apartments regardless of year built is 882 square feet, with the largest apartments in the Southeast at 975 square feet and the smallest in Seattle, with an average size of 711 square feet.