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How Older Properties Can Raise Rents

IRVINE, CA—Landlords of older office properties should complete their due diligence before determining how much they will raise rents, JLL’s Jared Dienstag tells GlobeSt.com in this EXCLUSIVE look at a recent report about new vs. older inventory.

Jared Dienstag Dienstag: “Once a landlord of an older office building takes into account several factors including amenities and leasing activity of the subject asset and its competitors, there could definitely be room for rent growth.”

IRVINE, CA—Landlords of older office properties should complete their due diligence before determining how much they will raise rents, JLL’s senior research analyst Jared Dienstag tells GlobeSt.com. The firm recently released a report that outlined the widening gap between newly delivered office inventory and older (1980s and earlier) properties. We spoke exclusively with Dienstag about this gap and how owners of older properties can push rents.

GlobeSt.com: How would you describe the dynamic between the rents of new vs. older office inventory in Orange County?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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