Newly Released: 2017 Viewpoint National Office Report
Feb 13, 2017
We are pleased to announce the latest in a series of stand-alone reports that dive into deeper detail than what was covered in the 2017 Viewpoint Annual Report:
2017 Viewpoint National Office Report
IRR’s Viewpoint 2017 Office Report provides you commentary and metrics compiled by seasoned commercial real estate appraisers and consultants who have extensive knowledge of their markets.
Job growth, combined with little new construction, leads to an attractive office market for investors. With supply and demand a significant factor in 2017:
- 47% of markets are forecasting office asset values to increase more than 2%, according to IRR’s research
- 50% of CBD markets, and 44% of suburban office markets, are in the Expansion phase, characterized by high absorption, high-to-moderate employment growth and decreasing vacancy rates
- Though cap rates flattened in 2016, it’s expected they’ll tick up slightly in the next 12 months
Want to learn more about CBD and suburban office product trends? IRR’s Viewpoint 2017 Office Report provides an in-depth examination of the office sector.