Brand-new buildings have been among the few bastions of resilience in
a struggling national office market. But the pipeline of that space —
seemingly the only kind of space tenants are after — is drying up, with
new construction poised to drop to unprecedented lows. The lack of new office construction on the horizon sets the stage for a potential inflection point next year when deliveries fall off a cliff even as tenants continue clamoring for top-tier space. RSK: Less new construction for Class A office space might eventually trickle down to filling older buildings....it is a wait and see. | ||
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