Office

"This purchase is a steppingstone in our commitment to this market. We want to be at the forefront of Boca's resurgence, and to a greater extent, Palm Beach County. We are excited for the future," said a Grover Corlew partner.

After jumping 43.3% in the second quarter of 2021, demand for office space is only 14% below its 2018-2019 average, the most recent pre-pandemic benchmark.

The average asking rate per month per square foot jumped 3.25% over Q1 figures.

Companies are creating new strategies to attract and retain talent after a year out of the office.

The Downtown San Diego and Sorrento Mesa submarkets are the top targets for investment capital in the market.

The firm has entered into an agreement to acquire Safeco Plaza, a 50-story 800,000-square-foot, LEED-platinum certified, class-A office building.

GlobeSt.com and GlobeSt. Real Estate Forum are pleased to share the bios of this year's Woman of Influence professionals in the category of women to watch in this interactive story.

The acquisition expands the REIT's footprint in a submarket that it says is a preferred location for companies and young professionals in the TAMI sector.