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While occupiers of office space are generally making lease decisions with the short term in mind, that’s not the case for Class A space in certain key submarkets.

“The best building in the best submarkets are frankly garnering a better lease rate than we’ve frankly ever seen in my career ever, period,” CBRE net lease specialist Will Pike told the firm’s Spencer Levy on a recent podcast. Whether you’re in New York City, Dallas, Atlanta, Seattle, again, micro markets of a market, I think it’s too early to determine the actual lease structure and just assume that all occupiers are going to use shorter term leases.”

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