More big blocks, less big tenants

As of June, there were 54 blocks of large space available, with 100,000 square feet or larger, according to brokerage Colliers ABR. This inventory is up 35 percent from the same time last year. Brokers say only 15 to 20 tenants are looking for big block spaces, and that the imbalance between supply and demand will likely push rents down. When incentives like free rent and generous construction allowances are factored in, some rents are already down 15 to 20 percent from last year.