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|
|Accounting Manager - Commercial Real EstateNorthMarq||Minneapolis, MN||Apr 16, 2021|
|Director, DevelopmentHudson Pacific Properties||Los Angeles, CA||Apr 16, 2021|
|Analyst / Associate - Commercial Real Estate UnderwritingSitus||New York, NY||Apr 15, 2021|
|Investment AnalystBuchanan Street Partners||Newport Beach, CA||Apr 15, 2021|
|Rosewood Realty Group is offering an internship New York New York New YorkRosewood Realty Group||NY||Apr 15, 2021|
|Commercial Real Estate Investment Sales BrokerPrince Realty Advisors||New York, NY||Apr 15, 2021|
|Financial AnalystAvison Young||Chicago, IL||Apr 15, 2021|
|Vice President - Producer (Debt/Equity Originations)NorthMarq||Las Vegas, NV||Apr 14, 2021|
|Part-Time AccountantOxide Real Estate Development||Columbus, OH||Apr 14, 2021|
|AssociateRockwood Capital LLC||New York, NY||Apr 14, 2021|
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.