While there is a lot of talk about people moving to the suburbs, a look at office transactions over the last ten months suggests investors are still married to the assets in gateway markets.
But things are starting to change. Two separate Q3 reports show investment sales in the suburbs are starting to gain.
According to Yardi Matrix's October office report, national transaction volume hit $43.6 billion through the first 10 months of the year. The average price per square foot for completed transactions increased by 3.6% from 2019 to $283.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
