2019 Market Insight Report: Suburban Route 495
In 2018, there was significant expansion and activity in the flex and industrial sector, with rent growth far outpacing office in similar geographic areas. Landlords continued to be bullish on rental rate, term and lack of concessions. As most users of these spaces require only a small amount of office buildout (if any), landlords can take advantage of long-term, base building improvements that occupiers require in order to operate within their premises.
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