Let's make a deal

Ken Satterlee, president of San Diego-based St. Croix Capital Corp., said development deals remain nearly nonexistent, which has translated into steady leasing activity in Austin. In particular, he said there’s a lot of “move down” activity — tenants going from Class A office space to Class B or Class C space, and in some cases what he calls a “flight to flex,” referring to so-called flexible space.

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