Real Estate/Development
Dec. 31, 2002
Only Four More Years to Go
CREJ WIRE REPORT Office building sale prices have risen while occupancy rates have fallen. But despite industry buzz that this divergent trend is pumping a "bubble" in the office investment market, the activity is no more than "rational exuberance" on the part of investors. That was the conclusion of a year-end research report by Grubb & Ellis Co., PNC Real Estate Finance and Real Capital Analytics .
CREJ WIRE REPORT
Office building sale prices have risen while occupancy rates have fallen. But despite industry buzz that this divergent trend is pumping a "bubble" in the office investment market, the activity is no more than "rational exuberance" on the part of investors. That was the conclusion of a year-end research report...
Office building sale prices have risen while occupancy rates have fallen. But despite industry buzz that this divergent trend is pumping a "bubble" in the office investment market, the activity is no more than "rational exuberance" on the part of investors. That was the conclusion of a year-end research report...
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