Chart of the Week 12.14.15- Creative space TI's significantly maintain value

The average TI's for recycled creative space totaled $11.45 per square foot for those 2015 deals analyzed, while the average TI's for second generation traditional office space totaled $45.30.

While the creative space cycle is still in it's early stages, it is clear that tenant improvements maintain their value when they recycle from the first tenant to the second tenant.