A Unique Opportunity for Trophy Office Development

Apr 10, 2024, 10:47 AM by Michael Leahy
Prime, or Class A+, office space has been outperforming other classes of office space since the beginning of the COVID-19 pandemic.

Prime, or Class A+, office space is outperforming the other classes of office space nationwide in terms of rent growth, rent levels, and vacancy rates, and has been doing so since the beginning of the COVID-19 pandemic.

CBRE Econometric Advisors (CBRE EA) has recently released a prime office aggregated quarterly historical time series with fundamentals on prime office properties (top 2-4% of office buildings) as categorized in collaboration with CBRE professionals.

CBRE EA utilizes this data to compare the attractiveness of developing top-quality office space across 16 markets.

Miami and Boston are the most attractive when considering the amount of inventory that is prime, cost-to-rent ratio, and prime vacancy rates.

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