The Return of the Office?

We view the next 12 to 18 months as an interesting period for discerning office investment. While headline sentiment remains cautious, underlying fundamentals in select markets are beginning to shift, creating a compelling backdrop for counter-cyclical strategies.

We’re seeing encouraging signs of:
– Rising tenant demand
– Declining vacancy rates
– Limited new supply
– Easing debt costs

These trends create a compelling environment for investors focused on long-term fundamentals with the major caveat that not all office is created equal and we believe the case for investment lies with those exceptional properties where dislocated capital markets have created buying opportunities.