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Why Office Investors Are Looking Outside L.A.

High vacancy rates and increasing prices are driving investors like Olive Hill Group to look for office opportunities in other West Coast markets.

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

High prices and stagnant vacancy rates might be driving office investors to consider other markets. Tim Lee of Olive Hill Group—an activity Los Angeles office investor—says that the firm is looking for better yields outside of the Los Angeles market this year. The firm is looking in other Western markets and heading to the Mid-Atlantic, which has proven to be a strong market.

“Finding good yields is still a challenge for us,” Lee, VP of Corporate Development and Legal Affairs at Olive Hill Group,” tells GlobeSt.com. “We are focusing on mid-market value-oriented office deals, and we are looking beyond the Los Angeles area to find those deals. We are also working more with partners in those areas to source those deals.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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