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Tech companies were the largest lessors of US office space in 2018, accounting for more than a quarter of the 311.9 million square feet of new leases, and dominating Silicon Valley at 78.1% of leased space.
Caydon is expanding its first Midtown project with a 2.5 million-square-foot mixed-use development in Houston's Innovation Corridor, between two key employment centers and Texas Medical Center.
A lower cost of living, higher quality of life, diverse economic make up and the state's pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.
Sacramento's growing economy, fueled by population growth, affordability and investment in urban development, speak to the market potential of this MSA, not only for retail but healthcare.
Downtown Dallas recently recorded an increase in new amenities, class-A office properties under construction and capital improvements to established assets in order to attract and retain tenants.
Bow Street's letter says it strongly believes that the Mack-Cali board's perfunctory response “suggests an alarming lack of commitment to good governance and long-term stockholder value, as well as an unwillingness to explore value-maximizing opportunities following years of company underperformance.”
Portland remains a key target market for Vista as it represents a relative value compared to more mature markets of Seattle and the Bay Area, while demonstrating similar market fundamentals and demographics.
The evolution of this urban epicenter of Silicon Valley has its brightest days ahead as San Jose facilitates investment that helps fulfill the city's general plan, grows housing opportunities, activates transit and increases jobs.