Could supply be decreasing?During the last quarter of 1992 and the beginning of 1993, we have seen a substantial increase in the amount of activity at all of our developments. With a diversity of product type spread throughout the metropolitan region, we have also seen a stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders of rental rates and look for increases in market rents within the next 12 to 18 months. While there remains an abundance Abundance See also Fertility. Amalthea’s horn horn of Zeus’s nurse-goat which became a cornucopia. [Gk. Myth.: Walsh Classical, 19] cornucopia conical receptacle which symbolizes abundance. [Rom. Myth. of available space both in the office/hightech market and the suburban office market, the availability of this space in new mixed use master planned developments, along with larger blocks of Class A office space (50,000 square feet plus), both seem to be decreasing. Just as the office market is experiencing a "Flight to Quality," so too are many high-tech and single story office users realizing the value of locating in a high quality master planned business center where the cost of occupancy is not much higher than that of many older free-standing free-standing Managed care adjective Referring to a physically and, often, financially discrete entity–eg, a surgical center, that is separate from, but may be affiliated with, a hospital; FS facilities may provide ambulatory surgery, emergency or buildings. These first generation buildings often lack excellent access, corporate identity and surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. amenities. As a development company with full in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. capabilities, we are better able to respond quickly to tenants' needs whether it be routine property management or specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. tenant improvements. The practice of maintaining high standards of property management combined with upgrading any and all property types to meet the demands/of today's tenants, will continue to provide us with occupancy levels which exceed 95 percent. As a result of responsive attention to the needs of our tenants, 1992 continued to provide our commercial portfolio of properties with an occupancy level which exceeded 95 percent. Completing 22 deals totaling over 800,000 square feet was also due in part to aggressive deal making combined with the ability to fund tenant alterations. |
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