While free rent has increased, tenant-improvement allowances have stayed steady for newly signed leases of at least 10 years in term.
Partners Group sold the 88-property portfolio on behalf of a client, upon implementing a transformational, value-add program and securing 98% occupancy.
While trips to the office are sticker because they are dictated by employer policy, leisure movement is hitting near pre-pandemic levels for the first time since July 2020.
Sponsored by dialpad
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.