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Particularly in the I-15 corridor, the market has surpassed peak pricing, there's a void of smaller buildings and rapidly growing smaller businesses are increasing demand, Colliers' Marc Posthumus tells GlobeSt.com.
“Center City is coming off a record year in total construction completions in the downtown market, with 1,624 new units delivered in 2016, and absorption was strong in 2017,” says Jared Jacobs, Cushman & Wakefield's research manager.