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Although the results vary among the five major sectors, “there is no denying the overall softening of commercial real estate pricing,” says Peter Muoio at Ten-X.
Trademark Property has pledged to match up to $150,000 in company-wide donations and its financial partner Miller Capital Advisory Inc. has pledged to match up to $50,000 at La Palmera in Corpus Christi.
The submarket has lost millions of square feet in office space in the last 25 years, but its remaining tenants are loyal, and rent increases are outpacing the CBD.