"There's plenty of space available".
THERE are still several large blocks of space available," he said.
And, he said, the type of space available is different from that of the previous downturn.
And the averages understate the actual shortage of space available at what many consider affordable rents.
The increase in rents is directly linked to the shrinking amount of space available for occupancy.
"We're using just about every inch of space available to us," Mr. Colburn said.
That meant that there were two big blocks of space available at the financial center when there was already an abundance of space available in the downtown area and a paucity of prospective tenants.
A plethora of space available for sublease continues to inflate vacancy rates -- in Parsippany, in Franklin and statewide.
All users get 5GB of space completely free with up to 1TB of space available for a monthly fee.
Mr. Litt and other analysts said there were few large blocks of space available in new Midtown buildings.
"There was still a lot of space available, so I didn't think it would be a big deal," he recalled ruefully the other day.
