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Space used to be a place to work; now, it's a true representation of brand, culture, recruitment and vision for the future of an organization instead of simply satisfying the needs of today, Tangram's Stephanie Dickson tells GlobeSt.com.
Submarkets such as East Cambridge may command the widest rent premiums, but there are opportunities for office landlords in adjacent neighborhoods as tech firms expand, says CBRE.
A confluence of factors came together for a requirement–the right type of building, neighborhood amenities, DART access and modern space to create an optimal environment for employees.
The submarket is attractive because of its proximity to the CBD and the Galleria; overall, investors are looking for assets with the notion that the energy downturn is in the past and now is the time to re-enter the market.
The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.
Former co-owner Kearny Real Estate has worked with the City to re-entitle and redevelop the 24-acre iconic property, which has serious potential for office tenants, Hoonie Kang tells GlobeSt.com.