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Spec Suites Lead to Lease Up

Roughly 37% of all new leases signed in 2021 were either speculative space or sublease space that had attractive in-place infrastructure and/or furniture. This empirical evidence in addition to the many conversations with tenants, landlords, and the brokerage community indicate the need for increased TI dollars and updated tenant amenities if owners wish to remain competitive in the Columbus office market in 2022.