John Orsak is seeing a substantial uptick of smaller, 4,000 to 5,000-square-foot office lease deals in the Phoenix metro — substantially beyond historical norms even dating back to pre-Covid times.
"We'll do over 200,000 square feet of office leasing this year across our portfolio," Orsak said."When you say 200,000 square feet, you might say 'that's a big number but not a huge number.' But when you think about it, the average tenant size is probably 4,000-5,000 square feet. That starts to really move the needle and tell you more of the story of what's going on.
Class A space comes at a premium because, in many office deals, tenants are making decisions with labor at the top of their minds in recruiting, keeping and getting the most out of talent. The costs of labor turnover often outweigh the costs of companies' real estate, prompting a flight to quality office spaces.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Aligned Data Centers plans two mega campuses in Phoenix - Phoenix Business JournalData center developers and tenants continue to be attracted to the Phoenix market due to tax incentives, a lack of natural disasters, low latency, lower utility rates and a stable power grid, according to experts. Here's how much the Texas company paid for the land in a prime industrial area of the Valley.
Fonte: phxbizjournal - 🏆 254. / 63 Consulte Mais informação »
Nikola Corp. makes big purchase in Phoenix metro for potential expansion - Phoenix Business JournalWhile the auto manufacturer has mainly produced battery electric vehicles, it has also produced several alpha prototypes of its fuel cell electric vehicles, which run on hydrogen.
Fonte: phxbizjournal - 🏆 254. / 63 Consulte Mais informação »
Here are Niche's top public schools in the Phoenix metro - Phoenix Business JournalSix Phoenix-metro schools are among the top 100 public high schools in America, according to the 2023 list from education data platform Niche.
Fonte: phxbizjournal - 🏆 254. / 63 Consulte Mais informação »
Weekend Wheels: Mazda MX-5 Miata review - Phoenix Business JournalBang for the buck, sporty performance, reliability foreign to British roadsters like the old Triumphs and MGs and fun in the sun. These and other advantages are what our reviewer sees in the Mazda MX-5 Miata.
Fonte: phxbizjournal - 🏆 254. / 63 Consulte Mais informação »