U.S. Speculative Office Development Has Increased 44% In 2 Years

Following the Great Recession, many developers this cycle have been hesitant to move forward on office projects without a tenant signed to avoid the mistakes of the last downturn. But some have changed their tune of late and say, to capture a new era of business and avoid higher construction costs, shovels need to hit the ground posthaste.

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https://www.bisnow.com/national/news/office/race-to-land-tenants-evade-costly-construction-costs-drives-us-speculative-office-development-to-new-high-96474?utm_source=CopyShare&utm_medium=Browser