• A potential adaptive reuse project of Wytestone Plaza was announced.
The 18-story office building is slated to be converted into apartments.
• CoStar was the largest contributor to leasing activity and subleased
45,700 square feet at Riverfront Plaza’s East Tower. Sublease deals
began to increase in popularity among potential tenants as these built
out spaces generally ask below market rates.
• Two buildings were added to inventory as Capital One listed their
Innsbrook campus for lease. Capital One’s move out was a major contributor
to the quarter’s elevated vacancy rate of 11.9%.