At year-end 2018, the Miami-Dade industrial real estate market saw net absorption of 1.3 million square feet for the year and a 4.5% overall vacancy rate.
San Francisco office tenant demand relative to available supply has reached its highest level since 1999, and tenant square footage has increased to 6.8 million square feet, equal to the level of existing supply.
The 10,000-square-foot lease from MedFirst Primary Care has stimulated substantial interest in Hunter Professional Plaza and leasing reps hope to build on the momentum started by MedFirst.
The company has signed a lease for 15,171 square feet and will relocate its Hartford offices to the nearby 30-story Goodwin Square Building at 225 Asylum St. in January 2020.
The company, founded in 2002, is currently headquartered in Lawrenceville, GA. Brightree, which is a subsidiary of ResMed, has leased 60,500 square feet of former office and warehouse space at Bureau 125 Tech Park.
While the retail pharmacy sector is active with mergers and acquisitions, the chances are pretty good we won't see a Burger King-McDonald's alliance anytime soon.