IRVINE, CA—With recent office lease-rate increases in that submarket, tenants are migrating out and flocking to more-affordable markets or even moving down a class to save money, Kidder Mathews' Jerry Holdner tells GlobeSt.com <b>EXCLUSIVELY</b>.

NEW YORK CITY—Rent growth expectations nationwide are soft, while the local market here is at a standstill, according to a newly released industry survey on Q2 office and retail leasing.

AUSTIN, TX—Law firm partners are now targeting space to reflect a more youthful and advanced approach for practicing law, a growing trend for only the past five years, says AY's Michael Kennedy.

FRISCO, TX—J. Crew Mercantile plans to open in 6,000 square feet in fall 2016 and Nordstrom Rack is scheduled to open a 33,000-square-foot store in fall 2017, both within the Preston Ridge shopping center.