|CBRE managing director Jamie Georgas, here with senior managing director Jim Carris,
says the march downtown will continue. (They should move in waves and
turn them into "relo parades.") Several suburban companies are
considering taking 450k SF downtown in the next two years, she tells us. The preference for what the city has to offer is also reflected in investment sales trends, Chris says. Investors stalking suburban locations now seem to be private equity firms searching for a short-term play with a clear exit strategy.
He says that institutional money interested in a long-term investment
based on strong market fundamentals most likely will be coming downtown
as the next cycle takes shape.