News
COLLIERS ABR; LUXURY RETAIL; HEALTHCARE & HOUSING
August 17, 2009
| We love this surge of optimistic news in the leasing market, and Colliers ABR chairman Mark Boisi (right) and research guru Robert Sammons confirm the summer months have been positive for the firm. There are 700 tenants in the market with 33M SF in demand, many running against lease expirations. |
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| Approximately 16M SF is maturing in ’09 and 19M SF in ’10; and tenants who considered leaving are now staying and locking in great rates, Robert adds. In June, the firm repped AEW Capital Management in Anheuser-Busch InBev’s 10-year, 31.6k-SF lease at 250 Park, and most recently repped Fairfield-Maxwell Services in its 9.6k SF penthouse lease at One Grand Central Place. The market will still take a while to work through, he adds, and it will ebb and flow for the next three to four quarters before we see significant positive absorption. |
