After a modest setback at mid-year, secondary market momentum has returned as investors look to diversify. 2016 was the most active relative year for secondary markets so far this cycle. Atlanta, Dallas and Philadelphia are leading this activity, each seeing office volumes exceed $2.0 billion annually for the second consecutive year.
While market and submarket selectivity remains the norm, a heightened focus on near- and mid-term economic, demographic and fundamental strength will be critical determinants in secondary market capital flows in 2017. To learn more,
download our latest Office Investment Outlook.
Second half momentum pushes secondary markets to cyclical highs on a quarterly and
annual basis compared to primary markets, accounting for nearly 50.0 percent of
fourth quarter transactions. Source: JLL Research (assets larger than 50,000 s.f.)
Dallas-Fort Worth and Philadelphia are each consistently seeing office volumes
exceed $2.0 billion annually. Learn more about these markets in our Office Investment Outlook.
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U.S. office markets poised for incremental growth in 2017 as expansion slows.
2851 Junction presents the opportunity to acquire the 100% fee simple interest in a four-story, 155,613-square-foot, Class A oﬃce building located in San Jose, California.
Learn where each office market sits within its real estate cycle and evolves every quarter. Hover on a city to access its latest average rent and vacancy rate.
President, Americas Capital Markets
Senior Director, Americas Research