again, somebody just reading the headlines, but not the details. From the same article:
For much of the past year, demand for office space in the corridor has been weak.
The area’s office vacancy rate hovered near 20 percent in the second quarter – above the countywide average. The average amount of time that lease space has been on the market in the I-15 corridor area is 31 months, the highest in the county, said David Marino, a principal with tenant broker Irving Hughes.
“I-15 is a mess,” Marino said. “It’s a market that’s been tough for two years now. I don’t know where guys like Jay Paul think they’re going to find tenants.”
And here’s my personal observation: one of the buildings in that 3 building campus at I-15 and the 56 put up by Kilroy Realty was slated for none other than “NEW CENTURY MORTGAGE.”
