Third Quarter Brings an Uptick in Office Leasing in Tech-Heavy Markets

Strong tenant demand in the third quarter of the year caused leasing activity to spike 11.1 percent to a two-year volume high of 62.4 million sq. ft., according to a third quarter 2017 office report from real estate services firm JLL, which attributes the bump largely to new product coming online in supply-constrained markets. Leases larger than 250,000 sq. ft. accounted for 17.5 percent of all leasing activity during the period.

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