2 Responses to “Office Building Development in the Triangle”

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  1. Chris in Eckington

    Sometimes developers build office buildings on spec, meaning without a major tenant lined up. This usually happens during strong markets. The office market has softened recently (and credit has tightened) so I don’t think you’ll find many buildings starting construciton on spec in the near future. All of the major construction players know which governmental leases are up for renewal, who is looking for new office space, etc, so without a signed lease, I wouldn’t bet on any of those other office projects in Mt. Vernon Traingle to be built anytime soon.

  2. DG-rad

    This is a very common practice. Although the general market is down right now, people are still leasing space. My guess is that this will go to a government sector tenant, as it is closer to cap hill, and private companies are less likely to lease space where there isn’t a whole lot of other office directly surrounding it. That is what I always found to be odd about this office building –glad to see the city go with true mixed-use in its neighborhoods, but also find value in business districts and residential districts.