Leasing

Sabey Data Center Properties agrees to rent the entire top floor of its Lower Manhattan tower, known as the Verizon Building, to the architecture firm for 20 years.

There are structural issues in retail that are driving today's wave of consolidations, i.e., the US is over-retailed with the most retail space per capita, 25 square foot per person, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

The office market is seeing a more diverse office tenant base and it is driving steady growth in the market.

The vacancy rate has ticked up due to new completions, but the migration of suburban firms continues.

New ownership plans to upgrade building infrastructure and improve the overall tenant experience at the property.

"With its current occupancy rate of 98%, strong fundamentals, along with corporate and business expansion, we believe this acquisition is an excellent opportunity to increase our presence in Georgia, a target area for our firm,” says Albert Lord III, founder and CEO of Lexerd.

The job rate has grown at an annual rate of 2.2%, most of the office buildings that were damaged by Hurricane Harvey have been rehabbed and developers remain disciplined with lead tenants in place.

Tech companies have accounted for the majority of the leasing activity this year, but office investors still have some concerns about supply-demand imbalance.