Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Packages will fade as more tenants take advantage of favorable lease terms, the development pipeline tapers off, sublease space is absorbed, and the newest and most efficient space is leased, says JLL.
The private equity firm signed a 10-year lease for 13,460 square feet of space on the 16th floor of the 17-story building at 150 Second Ave. North in Downtown St. Petersburg.
“These two class A office properties are profiled differently, with value-add and core-plus attributes for 20 Waterview and 35 Waterview, respectively," says Thomas Walsh, JLL managing director.
Southwest Airlines Wings project located adjacent to Love Field Airport consists of a new office building along with a Leadership Education and Aircrew Development/LEAD Center that houses 18 simulators.
Los Angeles is at nearly full employment, and while that is great news for the local economy, it has hampered leasing activity this year in the office sector.