In some markets, demand has “fallen off a cliff” and some employers “hoping for a recession.”
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
An anchor tenant can drive foot traffic, bring life to a property and create tenant synergy, according to Gene Mello of Matthews Real Estate Investment Services.
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