Brandywine Realty Trust Boosts Annual Outlook as Tenant Expansions Outweigh DownsizingsThe scale between office tenant downsizings and expansions is tipping back toward some landlords` favor after several years of consolidation, said executives of one of the nation`s largest real estate investment trusts. Brandywine Realty Trust, a landlord and developer based in Philadelphia, reported a pickup in touring and leasing activity across its United States office portfolio as companies become more confident in expanding their real estate footprints. The shift, CEO Jerry Sweeney said, has primarily benefited landlords on solid financial footing as tenants increasingly prioritize space in high-quality buildings owned by firms that aren`t facing any type of distress... A bit of good news for some office owners....but the sector is still in a recovery mode albeit slowly. | ||
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