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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
Asset ManagerEntrada Partners TX Aug 15, 2018
Assistant Chief EngineerUrban Renaissance Group, LLC Seattle, WA Aug 15, 2018
Acquisitions InternShorewood Real Estate Group New York, NY Aug 15, 2018
Leasing CoordinatorHealthcare Trust of America Atlanta, GA Aug 14, 2018
Summer Associate Intern, Development and InvestmentsFoundry Commercial LLC Boca Raton, FL Aug 14, 2018
Assistant Property ManagerHealthcare Trust of America Houston, TX Aug 14, 2018
Leasing CoordinatorHealthcare Trust of America Indianapolis, IN Aug 14, 2018
Leasing ManagerHealthcare Trust of America Woburn, MA Aug 14, 2018
Analyst/Associate, Development and InvestmentsFoundry Commercial LLC Boca Raton, FL Aug 14, 2018
Research Analyst New York, New YorkConfidential New York, NY Aug 14, 2018



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