NAI Fennelly says net absorption of Princeton, NJ, office space was 768,532 square feet in 2017, off nearly 24 percent off from growth of 1.015 million square feet in 2016.
Certain markets have not been able to generate the job growth and leasing to work off the high vacancies left by the Great Recession, and other markets that enjoyed stronger fundamentals are now contending with increased supply, Ten-X's Peter Muoio tells GlobeSt.com.
The DFW market recorded the weakest fourth quarter since 2014 and marked a 29% drop in sales volume year-over-year, and the weakest year since 2014, when the total dollar volume stopped short at $4.7 billion.
Transwestern has been retained by Brookfield to provide leasing services for the mixed-use campus at 909 Fannin St. in the CBD comprised of 4.2 million square feet of office and retail space.