Office Investors - Looking At A New Bottom Line
SOURCE: National Real Estate Investor
"There are mixed signals in the market and good arguments that conditions could continue to deteriorate or alternatively improve by the end of the year," says Robert White, president of New York-based research firm Real Capital Analytics. "Ultimately, one's viewpoint depends largely on their outlook for a recession."
The office sector favored by investors in 2007, had record year for transactions with $211 billion in office properties changing hands, a 55% increase over 2006 volume, according to Real Capital Analytics.
But sales fell by 42 percent in the fourth quarter of 2007.
"Fortunately sellers are generally not under pressure to sell quickly or accept too steep a discount and this has kept prices from falling further," says White.
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"There are mixed signals in the market and good arguments that conditions could continue to deteriorate or alternatively improve by the end of the year," says Robert White, president of New York-based research firm Real Capital Analytics. "Ultimately, one's viewpoint depends largely on their outlook for a recession."
The office sector favored by investors in 2007, had record year for transactions with $211 billion in office properties changing hands, a 55% increase over 2006 volume, according to Real Capital Analytics.
But sales fell by 42 percent in the fourth quarter of 2007.
"Fortunately sellers are generally not under pressure to sell quickly or accept too steep a discount and this has kept prices from falling further," says White.
Read full report »
