chasing
yield
Office investors take on more risk as
they move into noncore markets.
by Beth Mattson-Teig
26
July | August | 2013
Commercial Investment Real Estate
C.J. Burton/Corbis
As competition for core
properties
continues to intensify, ofce investors have been casting a wider
net to move capital of the sidelines and to capture higher returns. Te
question is, How much risk are buyers willing to assume when the ofce
recovery still has a signifcant hill to climb?
Ofce sales are on the rise in cities ranging from Portland, Ore., to Pensacola, Fla. — clear
evidence that investors are gaining confdence that ofce values have stabilized and are poised for a
rebound.