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Old Posted Jan 16, 2019, 9:24 PM
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chris08876 chris08876 is offline
ψ Sailor of the Mind ψ
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 34,530

Keep in mind the mixture of different functionalities and the type of office space (A,B,C). Not everyone wants Class A space. There is also demand for Class B office space.

World Center Miami is adding 500k of office space. Panorama Tower added up to 100k of office space.

With the functionalities, not all office space is created equally. Just because there might not be as much demand with finance, doesn't mean that the office space can't cater to medical for example.

If the demand wasn't there, we wouldn't be seeing so many developments rise, some which include office functionality.

Rest assured that risk is calculated. Kinda why a lot of Miami projects in the past have been on-hold, shelved, or reduced in size.

The events occurring show confidence and risk acceptance.

It doesn't have to ALL be leased right away either.
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