More space is coming, and conversions in the suburbs and Boston and future new development throughout the market aim to tap into this supply/demand imbalance.
Accesso has signed a lease with Michaels to occupy 123,740 square feet of space at Royal Ridge III, the property's sole tenant, in the Las Colinas submarket.
Employees want to be back in offices to stay connected to colleagues—and demand will increase for lower-cost, more accessible suburban offices with greater space for social-distancing, says Black Creek Group.