Top 20 Office Investment Sales Markets in 2021 So Far
April 28, 2021 | Slideshow | Wealth Management
The markets that saw the most office investment activity in the first quarter include many of the country’s largest cities.
While the pandemic has certainly led to a drop in investment sales overall and in the office sector in particular, transactions are still taking place.
In the first quarter of the year, investors closed on $10.5 billion in office acquisitions around the country, according to the CommercialEdge listing network, which is powered by data firm YardiMatrix. The figure was more than a 50 percent drop from the $20 billion in office transactions that took place in the first quarter of last year, which largely includes pre-pandemic sales volume. CommercialEdge only tracks office buildings totaling 50,000 sq. ft. or greater.
