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Investors Pay Top Dollar for Office Assets

ORANGE COUNTY, CA-As the professional and business-services sector rallies, class-A office properties continue to garner high prices in Orange County, JLL's Jeff Ingham tells GlobeSt.com.

By Carrie Rossenfeld | Updated on April 08, 2013

ORANGE COUNTY, CA-“There’s a large appetite for investment in Orange County, and there are way too many investors for properties available,” Jeff Ingham, senior managing director of Jones Lang LaSalle, tells GlobeSt.com. Ingham says that as the professional and business-services sector rallies, the market is so hungry for office properties in which to invest that there have been many unsolicited offers on buildings in this region.

“A lot of money wants to invest in Orange County, but there’s nowhere to put it,” he says. The cause of this phenomenon is mainly that many buildings are being controlled by special services as they’ve been filtered through the new ownership process. These special servicers have windows of time during which they can hold the properties—typically two to three years—which keeps them from eager buyers.

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