Globest Sectors

The 217,088-square foot property traded for $284 per square foot, over the $199 per square foot average price where suburban Virginia assets have been trading.

“Reston is one of the few submarkets that have seen real rent growth over the last two years.”

A survey indicates 67% of construction firms are having difficulty finding skilled workers such as carpenters, bricklayers, electricians and plumbers, which began with the Great Recession of 2008/2009.

A recent reconfiguration of space helped to seal the deal for Cozen, with space designed to incorporate concepts law firms are seeking, yet efficient relative to the key metric of attorney-to-square-foot ratio.

“After about a two-year slowdown, rent growth is starting to pick back up across the nation,” says Aaron Terrazas at Zillow.

A combination of edgy retailers and more established purveyors defines Brooklyn today, as Jaime Schultz of Lee & Associates states in this exclusive video interview from the ICSC New York Dealmaking Conference.

The winning bid also calls for a new 435,000-square-foot retail and entertainment complex, a new 200-250 key, full-service hotel, nearly six acres of outdoor recreation space, up to 10,000 square feet of community space, as well as upgrades to the storied Belmont Park property.

It's not enough simply to go to the growth cities to realize your own expansion. There are nuances to the job market that InvenTrust is tapping into.