The office market's supply and demand dilemma hasn't changed since mid-2018, but fortunately, the sublease space coming on the market will provide much-needed wiggle room, and owners are getting creative with the Prop M Small Allocation.
From a numbers perspective, occupancy would look even better without the hit from the massive Sears closings, which impacted class-A retail centers Stonebriar and North East Mall, but DFW is on a healthy streak.
The. long-term lease deal was signed with New York City-based SJP Properties, which announced the transaction. Oracle is relocating its Bridgewater field office to the complex.
NAI James E. Hanson, the exclusive leasing broker for the former Ballantine Brewery located in the Ironbound district in Newark, reports that it negotiated industrial leases for 16,504 square feet with L. Gambert, LLC, 11,000 square feet with Windsor, and 9,000 square feet with Eli Fashion.
Avison Young was able to secure an early renewal and extension lease at 330 Washington Ave. allowing VGS to stay in the saturated Carlstadt/Rutherford submarket, while also negotiating other terms including a tenant improvement package.
701 Rio's location has connectivity for professionals and new companies in the Austin market, says John Ockerbloom, Barings' head of US real estate equity.