Office Buyer Pools Expected to Shrink in 2018

Tim Lee is the VP of corporate development and legal affairs at Olive Hill Group.

The office buyer pool is shrinking. This year, office investment was active in the first and second quarters, but over the summer activity slowed. While opportunities have returned—a good sign for more activity next year—the buyer pool is waiting on the sidelines in response to high prices, or it is leaving the market altogether. Next year, Tim Lee, VP at Olive Hill Group, expects private equity funds to dominate the market while private capital and opportunistic investors wait for better pricing and higher yields. We sat down with Lee for an exclusive interview to talk about the office activity this year and what he expects for the fourth quarter and beyond.

GlobeSt.com: How has the performance of the L.A. office market this year aligned with your initial expectations?