Tenants requiring 50,000 square feet and larger are looking for space further in advance of lease expiration dates due to constrained supply of class-A inventory within the submarket.
A recent lease reflects another trend with not only tenants expanding via existing vacancies but larger vacancies being redeveloped for multi-tenant use, given this space was originally a Best Buy and is now a Guitar Center and Spec’s.
Co-working stimulates businesses and services in local areas by generating more than $28 million in gross value added annually in the United States, the largest of any country analyzed in the Regus study.
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