The National Observer: Developers, owners find new way to fill office space
By Mark Mensheha
Tampa Bay Business Journal
Published: Mar 16, 2026

Developers find suite spot in office market

Grubb Ventures President Gordon Grubb had no idea how successful the spec office-suite program would be at the Raleigh Iron Works development, considering he felt like the company joined the rising trend late. Before the developer added the spec suites at the property in North Carolina’s capital, the office space was hovering around 60% leased. Six months later, the office space is 100% leased. “The momentum that people were seeing and the traffic that we could talk about was spurring people to then sign up for the vacant space,” Grubb told Kayli Thompson of the Triangle Business Journal.

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