buildtosuit: Speculative Construction is Back in Plano...despite area vacancy
- 09/17/12 01:47 AM
Crains are popping up on the skyline of Plano again. And this time it's for construction of new office buildings instead of bridges. There are currently 7 office buildings under construction in Plano totaling 959,591 square feet (SF). All of these buildings are in west Plano where we have seen rental rates rise dramatically in the last year. That is also the area where it is increasingly difficult to find large blocks of space available. Interestingly, it's also hard to find small space under 5,000 SF. Three of the buildings are build-to-suits for large users - Encana Oil & Gas, Tyler … (1 comments)
buildtosuit: One Other Thing About Timing
- 01/14/11 03:47 AM
If you are considering buying a building or doing a build-to-suit, you can add an extra few months to 18 months to your schedule. Buying a building can take extra time because you may have to get a zoning change and a change in use may trigger compliance with "grandfathered" codes. For example, if you convert a day care building to an office use, that may trigger the requirement to install a sprinkler system. If the building had been used for another day care, no sprinkler may be required. Once you start talking about ground-up construction as in a build-to-suite (BTS), … (0 comments)
Anything and everything related to corporate real estate - a company's use of real estate. This is usually a company's lease or purchase of office, warehouse or retail space.
Crains are popping up on the skyline of Plano again. And this time it's for construction of new office buildings instead of bridges.
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