Feb 20, 2019 - 0 Comments - Office Property -

Video: RealCapital Analytics SVP Jim Costello Provide Office Property Sector Update

Jim Costello with RC Analytics appears on this commercial property related show to discuss office property market performance and how changing demographics seem to be driving office growth in suburban markets. He begins by talking about the new offering of the 90-years young Chrysler building in New York, how unusual it is for a building like that to come up for sale, and noting the complexity of its land lease structure, etc. He goes on to discuss deal volume and performance in suburban versus central business district markets. From there, he discusses observations in cap rates, noting that recent changes in interest rates have not yet caused a move in cap rates.

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