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Submarkets such as East Cambridge may command the widest rent premiums, but there are opportunities for office landlords in adjacent neighborhoods as tech firms expand, says CBRE.

Los Angeles experienced a 13% growth in tech jobs—making it among the top US markets for tech-related job growth—which helped boost office rents 11%.

An affiliate of Clarion Partners secures financing for a 1.4 million square-foot Norwalk, CT office park.

The average sales price per square foot continues its march towards triple digits at $81.66 per square foot for the quarter, an increase of $26.66 per square foot from last year's third quarter number.

A $288.8 million construction loan was recently obtained for MIRO, a pair of 28-story luxury apartment towers comprising more than 600 residences and 20,000 square feet of retail and commercial space in San Jose, due for completion in 2020.

A confluence of factors came together for a requirement–the right type of building, neighborhood amenities, DART access and modern space to create an optimal environment for employees.

The submarket is attractive because of its proximity to the CBD and the Galleria; overall, investors are looking for assets with the notion that the energy downturn is in the past and now is the time to re-enter the market.

The major unknown in the forecast for net absorption in office space for 2018 is what will happen with tax reform and other national policy initiatives, says the NAIOP Research Foundation.