Westchase office leasing had seen record setting vacancy rates, negative absorption and a decline in asking rents since 2015. Moody Rambin’s Office Services and Management team went to work developing a strategic capital plan along with a leasing program that incorporated speculative office leasing in Westchase. In less than a year, the Owner Services Leasing division closed approximately 46,000 square feet of new deals. In addition, the team stabilized the asset and increased revenue for the building’s ownership.
3200 Wilcrest Drive is a great example of Moody Rambin’s expertise and leadership. The Westchase submarket had a 22.5 percent vacancy rate at the time. The team took the building from a 65 percent occupied at the beginning of 2019, to 91 percent occupied by the third quarter of 2019.
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