October 13, 2011
By: Bisnow Staff

... Studley DC research chief Chris Volney tells us flexibility is starting to look just as good as financial incentives to many tenants. His latest report (which we got a sneak peak at) shows users are pressing owners for expansion and downsizing options in lease terms over traditional TIs like buildout money or free rent. (For a minute we thought he was talking about yoga.) It all underscores a lack of confidence, he says, as well as how many tenants are consolidating their office space. Still, leasing volume in DC is down from Q2 2011 by 14%. ...

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