December 26th, 2019
A decade ago, developers had to ask whether people were willing to work downtown. They don’t have to ask anymore.
“The market is a vast improvement from a few years ago,” Rich Schuen, founding principal of Colliers International’s local office, told a gathering of real estate professionals a few weeks ago.
About 45% of the tenants who contact that brokerage are now looking downtown, driven by amenities and a robust business center where most of the new office space is being leased before it opens, he said.
Downtown has seen a surge in development that has extended the urban core into the Arena District, Italian Village and Franklinton.