JLL: Rent Gap Continues to Widen Between Creative and Traditional Office Space
Rental rates within office properties that offer the highest quality creative space, with restored finishes and modern building systems, have increased by more than 30% since the first quarter of 2012. Creative space continues to be in short supply as strong demand has driven availability Down to 9.2%. Tech tenants have been the primary driver of this trend, although larger users are now seeking blocks of space within high-rise Office towers such as Salesforce Tower and 222 2nd St.
Source: JLL Research