Investors in the office market have started purchasing Class-A property with high vacancy, confident that theyb ll be able to attract new tenants down the road as the economy and job market eventually improve, according to National Real Estate Investor. Essentially, these investors are buying buildings at low costs so they can handle waiting a little while before they make significant profits.
Dan Fasulo, managing director with Real Capital Analytics, told NREI:
“‘If web re not there already, web re rapidly approaching a situation in which thereb s just too much money again and not enough assets to go around. Itb s remarkable that it has happened so quickly.'”
Whether these investments are profitable or not ultimately comes down to the job market and hiring. You can learn more about office investors seeking vacancy from NREI.
Contact Morris Southeast Group for commercial real estate services in South Florida. We specialize in office and industrial properties.
Tags: commercial real estate, commercial real estate blog, CRE, Morris Southeast Group, office market, office property, South Florida
