Property Types

The survey, based on more than 500 responses, found that companies using flex space felt agility was the greatest value, allowing them to assign employees to a space on short notice.

Mid-rise office assets provide an increasingly cost-effective option for investors and tenants in urban core areas.

“Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc.

As a percentage of rentable area under construction, speculative office development this year is at the highest percentage CoStar has seen over 13 years.

Property managers offered free rent to attract residents at roughly one-third (30.0 percent to 35.0 percent) of apartments in cities including Las Vegas, San Antonio and New York.

Starbucks runs its own stores, and with retailers wilting across the U.S., landlords stuck with vacant storefronts are starting to cut rents.

Despite this sector’s exemplary performance, it has become increasingly difficult for developers to secure construction loans from banks.

Thirty percent of JLL’s survey respondents ranked those property sub-types as “extremely desirable,” and another 56 percent ranked them as “very desirable.”