The prices for less-occupied office property have gone up considerably, and discounts on distressed properties have fallen. But geography still plays a significant role in these prices. The South and Northeast office markets are doing better than the Midwest and West office markets. Employment growth, the market, property size, and the amount a building is leased all impact the value of office property, notes Chris Macke, CoStarb s senior real estate strategist.
You can learn more about the expanding sales increases in the office sector from CoStar. If youb re interested in South Florida office property, contact Morris Southeast Group.
Tags: Morris Southeast Group, office market, office property, South Florida
