With office occupancy rates steadily rising and asset prices reaching new highs, investors are looking for the next best bet for office investment, especially in high-demand central business district (CBD) markets. However, according to a recent report by JLL, office vacancies rose to 14.9 percentby the end of 2017, and are expected to reach an even higher percentage by the end of 2019. Obviously, traditional investment in high-rise office product is no longer the strongest opportunity for investors.
With high prices and vacancies on their minds, many investors are turning away from high-rise office investment and increasingly looking toward mid-rise properties as the future of office investment. As an office investor with over 20 years of experience, we have compiled the top drivers behind increased investor activity in the mid-rise office market.
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