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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
Commercial Real Estate Asset ManagerMark IV Capital Newport Beach, CA Feb 19, 2019
Property Manager Nashville, TennesseeShorenstein Realty Services, L.P. Nashville, TN Feb 19, 2019
AccountantAtapco Baltimore, MD Feb 19, 2019
Director of LeasingSimone Develoment Companies Bronx, NY Feb 18, 2019
Chief Financial Officer - Alternative Investment ManagerSystima Capital Management LLC Chicago, IL Feb 18, 2019
Loan Asset Manager, Commercial Real EstateUSAA Real Estate San Antonio, TX Feb 18, 2019
Vice President, Global Real Estate Workplace ServicesHewlett Packard Enterprise Company San Jose, CA Feb 16, 2019
Real Estate Private Equity Fund Analyst - Center City, PhiladelphiaArden Group Philadelphia, PA Feb 15, 2019
Associate Financial Planning & AnalysisNorthwood Investors Denver, CO Feb 15, 2019
Managing Director, Corporate Real Estate FinanceCharles Schwab Fort Worth, TX Feb 15, 2019



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.

 
Office

Skills Required

  • Class A: New to newer buildings, Excellent locations (Central Business District), High quality tenants, Professionally managed
  • Class B: Little to no deterioration in building quality, Good locations, Good tenants, Professionally managed
  • Class C: 15 to 25 years old, Good to mediocre locations, Steady occupancy of tenants, Good management
  • Suburban Office
  • Shared Office

Professional Reading and Resources


  • "Buildings"
  • "The Urban Ecologist"
  • "Commercial Property News"
  • "Real Estate Forum"
  • "Development Magazine" by NAIOP

Top Companies


  • Brookfield Properties Corp.
  • The Blackstone Group
  • Hines
  • Vornado Realty Trust
  • Boston Properties