Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | The Exchange in Fort Lauderdale Reports Strong Leasing and Office Condo SalesSmall-space office users lock in costs in a strengthening market.
By: Commercial Florida Realty Services At the office park located at 3303-3363 West Commercial Boulevard, call center and contact management services provider Talk2Rep has leased 9,228 square feet for its corporate offices, and the law firm of PeytonBolin, PL purchased a 6,240-square- “As Broward’s office market slowly strengthens, we’re seeing higher demand for small blocks of space in suburban locations,” Sacks said. “We have activity from professional firms and marketing-related companies that need 10,000 square feet of corporate space or less and are anxious to lock in costs before economic conditions shift,” Sacks said. “They’re keenly aware of the market’s signals, with Broward property values recovering and lease rates starting to increase in some of the county’s Class A complexes. They know interest rates will inevitably rise.” With 83 percent of its 174,473 square feet occupied, The Exchange is offering 1,900 to 6,500-square- Companies are running the numbers for lease vs. buy, based on their business models, Sacks said. Tenants are securing today’s favorable leasing rates, and owner-buyers who anticipate stable space needs are moving quickly on low interest rates and the availability of up to 90 percent Small Business Administration (SBA) financing. Law firm PeytonBolin, which represents condominium and homeowner associations throughout Florida, will relocate from Tamarac offices to The Exchange in December, according to founding partner Mauri Peyton. “We’ Talk2Rep, whose CEO is Jim Ryan, moved its corporate offices from Tamarac to The Exchange this summer. The company specializes in outsourced teleservices and live chat for multiple government agencies and recognized global brands such as AT&T, Casio, Bayer and more. “The Exchange’s access to major roadways and Broward’s airports is convenient for our staff and clients,” said Ryan. “Our needs were complex, including placing a generator on-site, and Commercial Florida Realty streamlined the process.” The Exchange provides a park-like environment for its tenants and office condo owners, which include Securitas USA, the American Cancer Society, Saveology Corporate Headquarters and Interval Servicing. Commercial Florida Realty Services, LLC focuses on value creation through quality commercial real estate advisory, management, financial and strategic services. Based in Boca Raton, the firm’s services include commercial brokerage/leasing, property management, asset management, property acquisition and land disposition. For information visit www.commfla.com. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|