Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.
Office sales volume in Broward jumped 93 percent to nearly $651.5 million.
According to local brokers, asking rents in excess of $100 per square foot are prompting more companies to explore suburban alternatives. That shift i ...
Vacancies stayed in the mid-teens across the board.
Call it prime, trophy, and Class-A+, such offices have outperformed other classes and there isn't going to be enough to meet future demand.
Now for the 700,000-square-foot question: Will that demand, combined with a continued inflow of out-of-state companies and workers, be enough to fill all the new office space going up in Downtown West Palm Beach?
The report also inferred that companies are wanting higher quality space in better locations to provide “additional motivation for employees to work from the office more often.”
Boca Raton’s total significant leasing activity last year was higher than any other city in Palm Beach County, according to recent data.
While many of the region’s office market fundamentals saw a slight shift this quarter, the numbers along with the region’s continued popularity as a spot to live, play and work all contribute to a favorable outlook for South Florida’s ...
David Duckworth, a principal of Avison Young's Fort Lauderdale office, said while there are predictions of nationwide commercial mortgage backed security defaults in the office sector, quality office buildings in South Florida continue to a ...
