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|
|Real Estate Equity AssociateAllstate Insurance Company||Chicago, IL||Oct 15, 2019|
|Senior Property ManagerConfidential||DC||Oct 15, 2019|
|Senior Sales AssociateNewmark Knight Frank||Washington, DC||Oct 14, 2019|
|Analyst/Office ManagerSVN International, AVAT Realty, LLC||Huntsville, AL||Oct 14, 2019|
|On-Site Commercial Property ManagerDunbar Real Estate Investment Management||Fountain Valley, CA||Oct 14, 2019|
|SharePoint AdministratorRealty Income Corporation||San Diego, CA||Oct 14, 2019|
|Director of InvestmentsRaj Capital, LLC||Newport Beach, CA||Oct 11, 2019|
|Assistant Corporate ControllerThe Dilweg Companies, LLC||Durham, NC||Oct 11, 2019|
|Analyst, InvestmentsQuadreal Property Group||Vancouver, BC||Oct 11, 2019|
|Analyst, International Real EstateQuadreal Property Group||Vancouver, BC||Oct 11, 2019|
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.