Suburban Office Space

I read that vacancy in suburban office buildings have ticked up in the recent period.  Now at a bit over 19% which is up from about 18.5% it is still much better than the 25% it was at around 2010. Even with the not so good news owners still have felt confident enough to raise rates by about 2%.  Our experience in representing tenants has been that there are still aggressive deals to be made with property owners despite rates being a bit higher.  We also take note that many suburban office buildings that were in need of a makeover have indeed either undergone one, are in the process, or are planning that makeover in the very near future.  It's reassuring to know that office building owners have the capital to make these improvements. At the end of the year and so far this year we have had the good fortune of working with  a number of healthcare industry related businesses.  That industry seems to be participating well in this healthy economy.  Thanks for a great 2016 and here's hoping 2017 will continue strong.