The average rent has increased by 28% since 2008, while the sizes have gotten 5% smaller.
DALLAS—If it seems that space is dwindling while rents are increasing, the answer is yes. As rentals have been growing in both popularity and pricing during the past decade, floorplans have been slowly shrinking in size.
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Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.