“There isn't a lot of Class A office space available (downtown) that has parking attached anymore,” O'Connor said.
Commissioner Mark Beffort, a leading downtown broker and property owner, agreed that demand is high for additional Class A office space. He said Class A office space occupancy downtown is 97 percent, while occupancy for all downtown office space is about 85 percent.
Beffort also warned that by switching to office space, demand for parking spaces in the new garage would jump to 250 spaces.
“The reason for the garage is to meet the current need,” Beffort said. “We have a bigger issue there.”