Vacancy rates are just one factor.<br />"It's building-specific," he said in an interview.<br />Appealing floorplans and strong amenities will draw tenants
, he said, which will in turn draw buyers when a building goes on the market.<br />That was the case with 330 South Second in downtown Minneapolis, which sold for $20 million in March.
Turning old into new again will draw tenants
to Midtown, still the best neighborhood in Manhattan, according to L&L Holdings president Robert Lapidus.
Strain said to draw tenants
in, her company in many cases has doubled the free rent period from 60 to 120 days.
Watson said he hopes to draw tenants
from the Pleasant Hill, Dexter and Lowell areas.
The market-rate apartments are targeted to draw tenants
who work for Thrivent, HCMC and Hennepin County.
Individual buildings, rather than neighborhoods, have the ability to draw tenants
, Levinson said, citing the high ceilings, collaborative space, fresh air and floor-to-ceiling windows found in the plans for the many new office towers planned on Manhattan's far west side.
The Centre Court could be a trial balloon to see if sprucing up property on Broadway will draw tenants
and shoppers to the area.
Culture and image, rather than economics, are what draw tenants
to the area recently colonized by Google and other creative high-tech firms, he said.
"There's a different dynamic and it's the appetite for new construction," Van Buren said, noting that the quality of the new buildings at the WTC site would draw tenants
who had previously been wary to locate in lower Manhattan, which is perceived as less convenient for commuters.
And more recently, with blocks of sublease space coming available and falling rents, it has also begun to eat into one of the key remaining attributes that has continued to draw tenants
to Lower Manhattan; bargain rents.
Rents have fallen precipitously, the city's financial sector is in the midst of downsizing and reinventing itself and owners of pricey office space have had to slash rates to humbling levels in order to draw tenants
The city official said that the building would likely generate far more income than the Port Authority has calculated because the tower's gleaming new office space would draw tenants
faster than that report projects.