Denver is leading a resurgence of office development without tenant commitments, according to
a Bloomberg story.
Excerpt:
"Denver is one of those areas that are on the front lines of office spec development," said Jay Despard, managing director for Colorado of Hines. "In places like Denver, as opposed to San Francisco or New York, employers can maintain an employee base at a lower cost. And, alternatively, when younger individuals are coming out of graduate or undergraduate programs, they move somewhere with a lower cost of living."
Read the rest
here.
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