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How Investors Are Responding to the Slowdown in Office

Leasing activity waned in the second half of 2017, but a pickup in the first two months of 2018 has kept hopes high for office activity this year.

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

Office leasing and investment activity slowed at the end of 2017, but the decline wasn’t enough to cause investors to worry. The Olive Hill Group’s Tim Lee says that the end of last year was slow, but not enough to cause major concern—especially considering market fundamentals. Now, there seems to be a turnaround. In January and February, deal volume and lease transactions have ticked up, and it is giving investors like Olive Hill Group a positive outlook on activity in 2018.

“Leasing activity was softer in the last half of the year, but I wouldn’t say that it was a significant drop or any kind of perfidious drop,” Lee, VP of Corporate Development and Legal Affairs at Olive Hill Group, tells GlobeSt.com. “We did see that at the beginning of the year there was a pick up again, and there have been a number of requests from tenants for 10,000 square feet or larger. On the sale side, activity didn’t pick up a the end of the year. Typically, at the end of the year, there is a huge flurry of deals that try to get in before the end of the year. That typically helps to drive deal volume up at the end of the year, but last year, we did not see that rush. Things took a breather, but it wasn’t a big drop.”

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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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