Steady Course

The good times have been rolling along in the office investment sales market. An ample supply of equity and debt has fueled a steady level of sales activity over the past year, and many expect that momentum to continue in the first half of 2019. “Even though we might be near the end of the cycle, or at least having a leveling off in our cycle, globally there is a ton of money still searching for a home,” says Rebecca Wells, CCIM, senior vice president of investment sales at Lee & Associates in Indianapolis. Despite signs that occupancy and rent growth may be slowing, buyers are exhibiting a healthy appetite to acquire office properties. Sales for 2018 (excluding entity-level transactions) dipped 3.1 percent compared to $130.3 billion in 2017, according to Real Capital Analytics. Click here to read more at