The office market finished the year with a bang, according to Colliers International. Investors came roaring back at year-end, with a particular focus on core coastal cities. Nine of the top 10 sales in Q4 were in major coastal markets. Life science remains a key driver of overall sales volume.
Quarterly volume topped $50 billion for only the fourth time in history, and the first since the heyday of the REIT privatization trend of 2006-2007.
Office fundamentals are improving. An increasing share of markets posted positive net absorption in Q4. Rents remain mostly stable, and tenant activity has picked up.
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