Despite the slow office market recovery, developers are continuing to search for—and find—new opportunities. There is no question that office construction remains a shadow of its former self with current activity remaining near record lows. At the end of first quarter, there was an estimated 58.9 million sq. ft. of new office projects underway in the U.S. including multi-tenant, build-to-suit and medical office buildings. That volume represents about half of the ...
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