The office sector has a wide variety of tenants and building types. In the central business district of major metropolitan areas, office buildings can rise more than 40 stories and are leased to high quality, often national and international businesses. Larger corporations will own their own buildings and occupy the entire space, but generally office space is leased on long term leases to multiple tenants. Tenants in multi-story buildings will either lease an entire floor or multiple floors, depending on the size of the company. Suburban office space is located in midrise and single-tenant buildings. Many office buildings are located close to transportation hubs such as airports and highways in order to easily facilitate business travel. These types of locations are also advantageous in that they give the business high visibility. Professional building and property managers usually maintain and operate office buildings on behalf of the owner. Office buildings are rated by class from A to C depending on the age and quality of building, location, the quality of the tenants, the amount of rents commanded, and the management.
|Role / Company||Location||Posted|
|Debt Capital Markets AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management Associate Vice President / Vice PresidentBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Senior Property AcccountantSSH Real Estate||Philadelphia, PA||May 30, 2023|
|Customer service representativeCisco||New york, NY||May 27, 2023|
|AssociateTavros Holdings LLC||New York, NY||May 26, 2023|
|Town PlannerTown of Bay Harbor Islands||Bay Harbor Islands, FL||May 25, 2023|
|Analyst/Associate - Asset Management and AcquisitionsCoretrust Capital Partners||Los Angeles, CA||May 25, 2023|
|Development ManagerSerac Capital Partners||Houston, TX||May 24, 2023|
|Development AssociateYoungwoo & Associates||New York, NY||May 25, 2023|
Looking to the future
The success of the office real estate sector is driven by the strength of the economy, in particular, job growth. As companies expand and businesses grow the increased demand for office space spurs development and increases rents. Technology and evolving understanding of workplace design and effectiveness has resulted in a long-term trend toward less office space per occupant, and such inputs will continue to influence office developments. Shared office designs and options, while still a small segment of overall office leasing, continue to attract attention.