As multifamily rents in core markets have continued to climb, investors, office tenants and residents alike have turned their attention to secondary markets. According to JLL’s Investment Outlook report, secondary markets accounted for 50 percent of all U.S. office transactions last year, due to slowing demand and oversupply of product in core markets. Renters The San Francisco… Read more »
The office sector has been quietly humming along behind some more attention-grabbing property sectors of industrial, multifamily or retail. As we near the mid-year milestone, Connect Media asked Tim Lee, Vice President of Corporate Development and Legal Affairs at Olive Hill Group, to share what’s happening in the office property sector. Check out his responses… Read more »
With office occupancy rates steadily rising and asset prices reaching new highs, investors are looking for the next best bet for office investment, especially in high-demand central business district (CBD) markets. However, according to a recent report by JLL, office vacancies rose to 14.9 percent by the end of 2017, and are expected to reach an even higher percentage… Read more »
Unemployment throughout the United States is the lowest it has been since 2008. Propelled by robust job growth, the office sector is expected to continue to expand in 2018. Despite fears the U.S. construction boom would cause a potential slowdown, activity in the office sector remains largely expansionary, with the technology and creative sectors continuing… Read more »