News
Endless Tenants' Market
September 26, 2012
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| It's also still the age of the tenant in the Charlotte office market, according to Cassidy Turley SVP Maxwell Hanks. (Future generations will study this time and the power of tenants to get incentives.) It is, unless the tenant wants 50k SF or more in a high-rise CBD tower. But there are plenty of options out there for most tenants, and that will continue until the excess supply burns off, he says. When will that happen? An estimated 24 to 48 months is the time it will take to transition to a landlords? market. By then, however, bankers will be lending again, and new supply will arrive with another to create another tenants? market, Maxwell posits. |
