Economy Seen Providing Risk-Adjusted Opportunity To Acquire, Reposition Existing Office Buildings
By Mark Heschmeyer
October 1, 2014
An economy producing a steady stream of new jobs, combined with a dwindling supply of affordable core office properties, has reversed investor sentiment for office properties that were largely discredited and ignored by investors as recently as one year ago.
In a telling statistic, CoStar Analytics shows that the average vacancy of multi-tenant office buildings acquired in the third quarter just ended stood at a little more than 20% — about 8 basis points above the current national average. read more