NAI Market Information provides current demographic and property statistics, as well as a comprehensive market analysis, for more than 350 global markets. The information is gathered by NAI professionals in key markets and compiled in the NAI Global Market Report, published annually with quarterly updates provided online.
Year End 2017 | NAI Meridian Office Market Report
Fast paced downtown office leasing drives rent growth for landlords and increased occupancy costs for tenants.
2017 was a strong year for the downtown office market. It experienced 381,752 sq. ft. of net positive absorption. All Class A towers are now over 80% occupied. There is only three tracts of available space in the Class A towers containing over 40,000 sq. ft. This condition makes it difficult for large tenants to relocate downtown and allows landlords to continue to increase rental rates. This trend will continue for the foreseeable future.
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