High Investor Interest Level Continues Across Most Sectors

CityCentre is a mixed-use urban development in Houston.

HOUSTON—Online real estate company, Ten-X, recently released its latest US office market outlook, including the top five buy and sell markets for office real estate assets. The forecast indicates Portland, Oakland, CA, Palm Beach, FL, Orange County, CA and Miami are the top markets in which investors should consider buying office assets. These regions, concentrated in Florida and the West Coast, are being fueled by growing economies, where strong demographics and consistent job growth are boosting robust demand for office space.

Houston, Cleveland, Suburban Maryland, Memphis and Milwaukee are the top markets where Ten-X projects market conditions might cause office investors to consider selling properties. These cities are being undermined by weakening labor markets, which have reduced demand for office space and significantly slowed absorption rates, GlobeSt.com learns. However, across almost all property types, there is recent activity among investors for Houston-area properties, with retail showing a particularly strong interest level.