Snapshots

Midtown office demand has shifted away from core locations while chasing higher yields

From 2015 through the first half of 2017, institutional demand for Midtown office demonstrated an appetite for core investment opportunities.

March 25, 2019
  • From 2015 through the first half of 2017, institutional demand for Midtown office demonstrated an appetite for core investment opportunities concentrated in prime corridors, elevating activity to $27.4 billion across 51 transactions during that time.
  • Since the second half of 2017, those investors’ late-cycle preference for location and investment profile has pivoted away from the core to comparatively high-yield opportunities, as activity has slowed to a total of $11.0 billion across 31 transactions.

    Source: JLL Research, Preqin

 

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