“Peykar Family Properties hopes to capture the very active e=commerce market, which accounts for almost half of the new spec product being built,” says Cushman & Wakefield's Danzig. “The building, however, could accommodate any use, food or consumer products.”

Colliers notes that Downtown's average asking rents passed the $60-a-square-foot threshold for the first time on record, finishing the first half of this year at $63.46-a-square-foot.

Class-A student housing is a necessity-driven asset class that offers the opportunity for asymmetric returns due to its recession-resistant characteristics, strong demographic growth rates and more, SmartStop's H. Michael Schwartz tells GlobeSt.com.