National Commercial Real Estate News From CoStar Group
After Peaking, Uptick In Class A Office Sales May Portend Stronger Office Investment Activity
After surging sale prices caused them to fall a bit out of favor with investors, Class A office buildings may again set the pace for an improved outlook for investment sales through the end of the year.
The monthly sales volume of Class A office buildings began to edge down in November 2011 when the average price per square foot achieved a post Great Recession high of $263 per square foot. Monthly sales volume hit a nadir in May 2012, according...