Office

Demand from the Hollywood office boom is spurring activity for office leasing and multifamily development in the Tri-Cities markers.

Law firms accounted for 7.2% of all Manhattan leasing last year, up from 6.9% in 2016, says Colliers International.

SPS Commerce just signed an agreement to expand the amount of space it occupies at 333 South Seventh Street in Minneapolis to more than 214,000 square feet.

Unemployment recently dropped to 2.6%, fueling continued strong demand in the local multifamily sector which continues to drive increased investor interest, and despite the rise in vacancy, demand for office is steady.

The semi-annual Allen Matkins office sentiment forecast—which GlobeSt.com has obtained EXCLUSIVELY—shows a renewed optimism for office investment.

“The rumor deals we're seeing out there have some TIs in the $150 per square foot range and free rent as much as 24 months.”

Dallas High School became a city-designated historic landmark in 2000, Preservation Texas added it to the list of “Texas' Most Endangered Historic Places” in 2004, and it is on The National Register of Historic Places.

“Risk-adjusted returns for CRE are favorable to other asset classes over the long term and provide investment diversification,” says Kenn Riggs at Situs RERC.