The office sector has a wide variety of tenants and building types. In the central business district of major metropolitan areas, office buildings can rise more than 40 stories and are leased to high quality, often national and international businesses. Larger corporations will own their own buildings and occupy the entire space, but generally office space is leased on long term leases to multiple tenants. Tenants in multi-story buildings will either lease an entire floor or multiple floors, depending on the size of the company. Suburban office space is located in midrise and single-tenant buildings. Many office buildings are located close to transportation hubs such as airports and highways in order to easily facilitate business travel. These types of locations are also advantageous in that they give the business high visibility. Professional building and property managers usually maintain and operate office buildings on behalf of the owner. Office buildings are rated by class from A to C depending on the age and quality of building, location, the quality of the tenants, the amount of rents commanded, and the management.
|Role / Company||Location||Posted|
|Director: Capital Markets & Loan RestructuringsLotus Capital Partners||New York, NY||Jan 18, 2021|
|Analyst, Asset ManagementStockbridge||San Francisco, CA||Jan 15, 2021|
|Senior Associate, Loan Asset ManagementGrass River Property||Coconut Grove, FL||Jan 15, 2021|
|Commercial Loan CloserPacific Southwest Realty Service||Los Angeles, CA||Jan 15, 2021|
|Director, Commercial Leasing and Property ManagementConfidential||NYC, NY||Jan 15, 2021|
|Associate, Acquisitions & Asset ManagementShapack Partners||CHICAGO, IL||Jan 15, 2021|
|Financial AnalystHill Partners, Inc.||Charlotte, NC||Jan 15, 2021|
|Real Estate AssociateConfidential||Palo Alto, CA||Jan 14, 2021|
|Real Estate Analyst - Property SpecialistDWS||New York, NY||Jan 13, 2021|
|Regional Development Manager – Northern NevadaConfidential||Reno, NV||Jan 13, 2021|
Looking to the future
The success of the office real estate sector is driven by the strength of the economy, in particular, job growth. As companies expand and businesses grow the increased demand for office space spurs development and increases rents. Technology and evolving understanding of workplace design and effectiveness has resulted in a long-term trend toward less office space per occupant, and such inputs will continue to influence office developments. Shared office designs and options, while still a small segment of overall office leasing, continue to attract attention.