Building off the momentum established in the third and fourth quarters of last year, the office market kicked off the year on a positive note, according to a JLL first quarter office report.
A healthy supply and demand balance is evident in DFW industrial with vacancy creeping higher, most notably in the North Fort Worth/Alliance submarket which is pulling interest from developers and tenants, especially for big box.
The WWE lease of more than 415,000 square feet was nearly 60% of all Fairfield County's 709,068 square feet of leasing activity in the first quarter. Despite the WWE's deal, the county registered 106,006 square feet in negative office space absorption in the first quarter.
The Regina Company produced a variety of music boxes before being driven into bankruptcy by the rise of the phonograph. It began focusing on production of vacuum cleaners in the 1930s.
Washington Property Co. reports the four lease deals total 14,036 square feet and leases totaling another 7,407 square feet are currently the subject of negotiations.
As the Bay Area braces for the impending IPO onslaught, San Francisco multifamily rent continues to skyrocket, with one bedrooms reaching an all-time high of $3,690, the most expensive in the world by a hefty margin.
“This was a very challenging lease transaction with competition from two other buildings in Waterford at Blue Lagoon, both capable of accommodating Parbel's requirements,” says C&W's Mendoza.