Trophy assets in bustling U.S. markets have become an increasingly hot commodity as investment in the office sector surges nationwide.
Office sales grew 69% nationwide over the last four quarters compared to the year prior, according to a new report from Avison Young. Of the $40.8B worth of offices that changed hands, 71% were trophy or Class-A spaces.Much of that activity came in the fourth quarter, which had more than $15B of transactions, up from about $8B in Q4 2023.
The increase in sales has been especially sharp in the California markets.
Los Angeles and San Francisco saw $3.5B and $1.7B of sales, respectively, in the last four quarters, which represented increases of 147% and 140% from the prior year...
RSK: Some investors are going all out for trophy office properties but the majority of office sales are still owner occupied.
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- - Volume: 25 - WEEK: 30 Date: 7/22/2025 7:28:14 AM -