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Mid- and low-rise product led office leasing activity in 2019. According to a report from JLL, the volume of mid- and low-rise office leases greater than 30,000 square feet was greater than high-rise product by a ratio of six to one. The surge in office leasing activity for this product segment is largely attributed to new construction activity.

“We are seeing a lot of activity in the new buildings,” Jeff Ingham, senior managing director at JLL, tells GlobeSt.com. “Clients today on the office side are very much looking for the new latest and greatest projects that have all of the amenities and indoor-outdoor space. Those are the things that are really attractive to employees and drive retention.” Three major mid- and low-rise properties came to the market this year, including Spectrum Terrace from the Irvine Co. and Boardwalk.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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