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While transaction volumes may fluctuate heavily in these product types, a strong flow of capital is pouring into the net-lease space, especially through 1031 exchanges, say Stephen Schrenk and Marc Mandel of HFF.
The New York City-based company, which has grown since its founding in 2013 to have more than 60 locations in 35 cities, signed a lease with Parkway Property Investments at the 30-story, 539,000-square-foot office tower.
Rising housing prices and rental rates have created housing affordability concerns in Phoenix, and the expectation of rising rents in 2019 will put more pressure on the growing problem.
Following the headquarters lease by Direct Energy, the largest footprint at 2 Houston Center to date at 105,578 square feet, Gensler announced it will also take two floors in its Houston office relocation.
Sussex County in general, and Newton in particular are emerging as a suburban bedroom community choice for out-commuters, says Gebroe-Hammer's Stephen Tragash.