Large lease transactions, those over 100,000 sq. ft., hit an all-time record in 2014 with 17 deals totaling 3.6 mllion sq. ft. Since then, the number, volume and average size of large deals has declined along with the amount of available space. With 2.9 million sq. ft. of available space in six under-construction projects, large deal activity in 2016 could approach that of last year, should demand from current and future tenants in the market build during the year.
Source: CBRE Research