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Although FIRE sector tenants still command a lion's share of office space, "They're not the reason that new construction has taken off in New York for the first time since the mid 1980s," says Michael Cohen at Colliers.
Jim Hirt brings 22 years' experience managing staff and volunteer leaders to SIOR, and plans to further solidify the organization's status as “an active global community.”
The overbuilt and bustling CBDs leave little room for new construction, consequently, investors are shifting focus towards the suburbs, where vacant land is still available and the potential for large-scale development remains.
Leasing activity in the Greenspoint market, considered a good location with amenities, continues to be steady as the Houston economy strengthens following the recent downturn in the oil industry.
The Los Angeles market doesn't make the list for the top market in the country for office development, and it could say a lot about the local economy and office market.
According to Viktor Simco, a former professional athlete turned commercial real estate agent, athletes can help make an ideal partner for clients seeking to cross the finish line