Flex space popular again

Flex space, buildings designed to be used for offices, storage or light manufacturing, is becoming popular again due to rising costs of prime rental space. Flex space lost popularity late in 2003 after much of the current supply was built and is now becoming attractive again.

News and Observer
April 9, 2007
Jack Hagel, Staff Writer

Flex space back in the race
Slowdown since '03 ending; vacancy rate at 5-year low

Surging office rents are causing more investors and developers to return to a somewhat forgotten frontier: the flex market.

Just ask Adam M. Lutz. His Farmington Hills, Mich., firm is the latest to bet that flex space -- property that can be used for offices, warehouses or light manufacturing -- is ready for a rebound in the Triangle. Read more...