A Chilling Bit Of Good News
There was a recent announcement of the largest office deal done in the past 12 months in the Oakland area. Delta Dental leased the third floor of 1333 Broadway (where 40 years ago I had my offices at Grubb & Ellis), and while it was great that this ‘largest’ deal was done, the size of the lease was only 25,000 square feet! In the past this would have been a medium or smaller deal back when we were doing 100-200,000 sf leases, but in today’s downsized office world it shows you were we are if this is the largest office lease done in the past 12 months….
