Office investment sales volume this year has officially surpassed the total for 2020, with $34.8 billion of sales logged in the third quarter alone.
The Q3 figure is an increase over the $26 billion posted in Q2, according to a new report from Colliers. Suburban assets continue to be the focus of investor favor, with buyers allocating more than $25 billion into these properties in the third quarter alone. (In contrast, $9.6 billion was poured into CBD locations.)
Fueled by a strong life science market, Boston was the most active city for office investment in the first three quarters of the year, with $8.5 billion of sales closed. San Jose and Seattle followed behind at $4.9 billion and $4.8 billion, respectively.
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