LPC is constructing two high profile facilities totaling 274,855 square feet that will likely draw tenants
from O'Hare and other areas of Cook and Northeast DuPage Counties.
Existing buildings with big vacancies lacking recent improvements will have to update to draw tenants
, he said.
"Many creative tenants are leaving Midtown and migrating Downtown due to outdated spaces and unaffordable rents, but The Plant combines affordability, flexibility and creativity, presenting a prime opportunity to draw tenants
to the Midtown area," said Shapiro.
UMass Medical School is hoping the lure of its researchers and scientists at nearby institutions such as WPI will help draw tenants
to the UMass Medicine Science Park, which consists of five buildings with nearly 470,000 square feet of space on 10 acres.
The objective, said Mullin, is to draw tenants
to the website daily.
Rates in Prime Grade A locations remain "competitive", prompting some landlords to split units into smaller floorplates and fitting out space to draw tenants
Will the new commercial building 11 Times Square draw tenants
and survive the downturn?
One apartment manager whose building lies along the route told her the EmX line would help draw tenants
, she said.
Many of the same things that draw tenants
to a building are also what keep them there: amenities, consistent and comprehensive service, a favorable leasing arrangement, and economic considerations.
And those centers that aren't in a competition for a Wal-Mart need to ensure that they have a unique mix of tenants or other factors (e.g., the rides and other amenities at the Mall of America in Minneapolis) that will draw tenants
and their customers.
"Even though the market has slowed significantly, proven areas will be okay -- buildings located along the Interstate 15 and Interstate 215-east corridors will continue to draw tenants
, but there is still some resistance to untested areas like Lake Park and the northwest corridor."
Class C buildings generally require modernization to compete or else landlords must position themselves to draw tenants
seeking the lowest possible rent.