Quote:
Originally Posted by memester
Given there is approximately 12,000,000 sq. ft of leasable space now available, a 31% drop in asking rents and limited hotel demand, this project will be asking for lots of extensions before it ever breaks ground.
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I imagine the target dates and timelines for a project of this scale, we'd be looking at 4-5 years down the road for open doors regardless and that we'll likely see a marginal rebound in commercial leases and returns by then.