Leasing

Strong leasing activity and rent growth in the fourth quarter has set the market up for a growing office construction pipeline this year.

The wedding planning and registry tenant signed a 30,000 square-foot lease at Silverstein Properties' World Trade Center building.

What started as a sublease has resulted in a long-term direct lease with the building owner GLL Real Estate Partners.

More than half of the quarter four leasing activity for properties over 25,000 square feet took place in the Airport Area.

“The property's durable in-place cash flow and significant upside were appealing to American Equity Partners," says Newmark Knight Frank's Kevin Welsh.

Evergreen's lease will positively impact the value of an already-valuable building in a rapidly appreciating market as most of the tenant demand in this area comes from industrial, flex or light industrial users.

Some of the you should take will include an overall review of your investment plan to reducing your exposure stocks and shift more into bonds; or updating your will and end-of-life-documents.

"Our new space is a dramatic renovation of a turn-of-the-century former industrial facility," says Diane Smith, GR8 People's CEO.