Building out move-in-ready spec suites is gaining popularity, especially among new owners of office properties looking to boost occupancy.
But those spec suites are almost never big enough to house a 20K SF tenant, and that’s where the problem comes in. Chris Lewis, co-managing principal at Lee & Associates-Houston, said he’s seeing tenants touring 20K SF spaces and wanting to move in within a month.
Source: The ‘Amazon Effect’ Is Creating Instant Demand For Office Space