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|
|Analyst, Investment Group - New York, New YorkShorenstein Realty Services, L.P.||New York, NY||Sep 16, 2019|
|Senior Associate, Product ManagementInvesco||New York, NY||Sep 12, 2019|
|Head of Property ManagementThe Georgetown Company||New York, NY||Sep 13, 2019|
|Associate/AVP - Portfolio Management/Loan AdministrationSitus||Phildelphia, PA||Sep 13, 2019|
|Vice President - LendingNewport Private Investments, Inc||Newport Beach, CA||Sep 13, 2019|
|Real Estate AnalystConfidential||ConfidentialPA||Sep 13, 2019|
|Business Development ManagerSavills||Greater Los Angeles, CA||Sep 13, 2019|
|Asset Management AssociateR.J. Kelly Company Inc.||Burlington, MA||Sep 13, 2019|
|Chief Operations OfficerDistrict of Columbia Housing Authority||Washington, DC||Sep 13, 2019|
|Chief Operating Officer, Marygrove ConservancyU3 Advisors||Detroit, MI||Sep 12, 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.