Commercial Office Real Estate Picking Up Steam - 04/29/11 03:02 PM
Although activity is not as strong as it was at the peak in 2007, there is very strong interest. There is a lack of quality assets in the market, so everything that goes out gets a lot of interest. We’re seeing good interest and buyer demand from REITs, private equity, institutions and operators, among others.Moreover, pricing continues to increase. People feel good again about getting aggressive in underwriting rental rate growth because the leasing market seems to be quite strong.So far this year, roughly $83 million worth of office assets have traded hands, according to according to early market analytics. That … (0 comments)

 
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Shayne Fowler

Scottsdale, AZ

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CNN Mortgage

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