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Buying value-add industrial properties at well below replacement cost and being very selective about office acquisitions is part of CIP Real Estate's investment strategy, principal Eric Smyth tells GlobeSt.com.
Vacancies in Silicon Valley ran slightly higher in fourth quarter 2017 than national figures at 10.2% and rents in the Valley outpaced national rates at $46.92, which is 63.3% higher than the rest of the US.
The Obama Administration “put a lot of money into increasing infrastructure and transportation” and investors are now flocking to the submarkets with transportation.
Office leasing spiked in the last quarter of 2017 and was driven by a continued flight to quality, aggressive activity by non-energy tenants and some relocations from spaces affected by Hurricane Harvey.