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|
|VP / SVP - Asset ManagementFifteen Group Capital LLC||Los Angeles, CA||Mar 29, 2023|
|Procurement ManagerCP Group||Boca Raton, FL||Mar 28, 2023|
|Procurement ManagerCP Group||Atlanta, GA||Mar 27, 2023|
|Assistant Property ManagerGindi Equities||New York, NY||Mar 27, 2023|
|AssociateMack Real Estate Group||New York, NY||Mar 27, 2023|
|AnalystMack Real Estate Group||New York, NY||Mar 27, 2023|
|Tenant Service CoordinatorPiedmont Office Realty Trust||Washington, DC||Mar 27, 2023|
|Manager, Financial Planning & AnalysisPiedmont Office Realty Trust||Atlanta, GA||Mar 27, 2023|
|HVAC Technician IIThe J. Paul Getty Trust||Los Angeles, CA||Mar 27, 2023|
|Real Estate Acquisitions & Capital Markets AnalystSkylatus Property Capital||Tampa, FL||Mar 24, 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.