{"id":18995,"date":"2021-06-09T14:13:05","date_gmt":"2021-06-09T14:13:05","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18995"},"modified":"2021-06-09T14:13:05","modified_gmt":"2021-06-09T14:13:05","slug":"falling-office-rents-prompt-leasing-in-smaller-markets","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/","title":{"rendered":"Falling Office Rents Prompt Leasing in Smaller Markets"},"content":{"rendered":"<h1 class=\"page-title \">Falling Office Rents Prompt Leasing in Smaller Markets<\/h1>\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>Office sectors in smaller markets are showing greater resiliency, and companies are taking notice. The only increases in office occupancies in the first quarter were in secondary cities, and even those were modest. These secondary markets are known for having cheaper office rents compared to major markets, the National Association of REALTORS\u00ae reports on its Economists\u2019 Outlook blog. The low rents in secondary cities may incentivize more companies to relocate.<\/p>\n<p>Demand in secondary office markets is growing the most in the following sectors:<\/p>\n<ul>\n<li>Information technology<\/li>\n<li>Biosciences\/medical\/health care<\/li>\n<li>Finance<\/li>\n<\/ul>\n<p>Though overall office occupancy in the first quarter declined in 84% of the 89 metros that NAR tracks, there were signs of hope regionally.<\/p>\n<ul>\n<li><strong>West:<\/strong> Office occupancy rose in San Mateo County, San Diego, and Sacramento in California as well as in Tucson, Ariz.<\/li>\n<li><strong>South:<\/strong> Office occupancy increased in Tulsa, Okla.; suburban Maryland; Fredericksburg, Va.; and Fort Myers-Naples, Fla.<\/li>\n<li><strong>Northeast:<\/strong> Office occupancy increased in Brooklyn, Buffalo, and Syracuse in New York.<\/li>\n<\/ul>\n<blockquote class=\"sidebar-quote\"><p>&nbsp;<\/p><\/blockquote>\n<p>Office rents varied significantly depending on the location. For example, asking rents in San Francisco were $74 per square foot, but in Los Angeles, they were $45 per square foot. In San Diego, office rents fell to $41 per square foot, and in Sacramento, they declined to $25 per square foot, Gay Cororaton, a research economist for NAR, notes on the association\u2019s Economists\u2019 Outlook blog.<\/p>\n<div id=\"viz1622628894697\" class=\"tableauPlaceholder\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"pane-node-field-news-source pane pane--nodefield-news-source\">\n<div class=\"pane__content\">\n<div class=\"field clearfix field--news-source\">\n<div class=\"field-label\">Source:<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\">\u201c<a href=\"https:\/\/www.nar.realtor\/blogs\/economists-outlook\/cheaper-rents-and-migration-in-secondary-markets-boosting-demand-for-tech-finance-and-medical-office\" data-di-id=\"di-id-d0e58dee-f979c89a\">Cheaper Rents and Migration in Secondary Markets Boosting Demand for Tech, Finance, and Medical Office Space<\/a>,\u201d National Association of REALTORS\u00ae Economists\u2019 Outlook blog (June 1, 2021)<\/div>\n<div><span class=\"field-content\">\u00a9National Association of REALTORS\u00ae<br \/>\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Falling Office Rents Prompt Leasing in Smaller Markets Office sectors in smaller markets are showing greater resiliency, and companies are taking notice. The only increases in office occupancies in the first quarter were in secondary cities, and even those were modest. These secondary markets are known for having cheaper office rents compared to major markets, &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18995","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Falling Office Rents Prompt Leasing in Smaller Markets - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-office-rents-prompt-leasing-in-smaller-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-office-rents-prompt-leasing-in-smaller-markets\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Falling Office Rents Prompt Leasing in Smaller Markets\",\"datePublished\":\"2021-06-09T14:13:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-office-rents-prompt-leasing-in-smaller-markets\\\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-office-rents-prompt-leasing-in-smaller-markets\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/falling-office-rents-prompt-leasing-in-smaller-markets\\\/\",\"name\":\"Falling Office Rents Prompt Leasing in Smaller Markets - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Falling Office Rents Prompt Leasing in Smaller Markets - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Falling Office Rents Prompt Leasing in Smaller Markets","datePublished":"2021-06-09T14:13:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/"},"wordCount":270,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/","name":"Falling Office Rents Prompt Leasing in Smaller Markets - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2021-06-09T14:13:05+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/falling-office-rents-prompt-leasing-in-smaller-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Falling Office Rents Prompt Leasing in Smaller Markets"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. 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