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Economy Seen Providing Risk-Adjusted Opportunity To Acquire, Reposition Existing Office Buildings

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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