The ‘Perfect Storm’ for Build-to-Suit

By: Brad Huber, vice president at Carter

Imagine a work environment where every aspect of the space is tailored towards increasing the efficiency and effectiveness of the workforce. Imagine one that supports the corporate culture and promotes the company brand. This is the build-to-suit. 

Huber_Brad For much of the last decade, high land prices, inflated construction costs, unstable capital markets or some combination thereof have made the build-to-suit an elusive option for corporate real estate executives and brokers. 

Today we have the “perfect storm” brewing for build-to-suit activity – land prices and construction costs are lower than they have been in decades. The capital markets have stabilized and interest rates are at an all-time low. Build-to-suit projects are beginning to happen again.

Carter is currently providing build-to-suit program management services for several Fortune 500 clients, including a fast-tracked, tier-4 data center in N.C. and a large customer call center in north Texas.

Carter has a long history as one of the nation’s largest build-to-suit developers. For decades, Carter has been helping clients with a variety of products. This includes everything from a 40-story headquarters office tower in downtown Atlanta to a sprawling suburban campus in Jacksonville, Fla.

Brad Huber oversees the Carter’s nationwide Build-to-Suit initiative. He has spearheaded the development of more than 60 build-to-suit projects across the country, totaling more than 6 million sf. Brad is an industry expert in the design and development of high-performance green buildings, specifically for corporate, medical and higher education clients.

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