The impact of higher interest rates and uncertainty about office values looks to be weighing on transaction volumes as the end of the year approaches.

According to Phil Mobley, national director of office analytics at CoStar Group, that's what he's hearing from clients.

"This is what we have been expecting," Mobley said. "It seems that it is finally beginning to show in the numbers."

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Net Lease
Office
Southwest