Companies in the market for office space are failing to find rock-bottom rent deals, even as landlords face a wave of maturing debt and rising market vacancy. Instead, tenants, who still want shiny new spaces that will lure employees back to the office more often, are turning to landlords who have the capital to fund tenant improvement allowances, even as they are paying near-record-high rents, panelists said during Bisnow’s Atlanta office event last week.
“It’s all about talent. It’s all about trying to recruit the best talent,” Highwoods Properties Senior Vice President Heather Lamb said at the event, held at the Crowne Plaza Atlanta — Midtown hotel. “[Tenants] are not really too concerned about the price point that they’re paying for the real estate.… Read the full story here. |