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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
Marketing SpecialistColliers International San Francisco, CA Dec 12, 2018
Space Planning & Design InternWPS Health Solutions Madison, WI Dec 12, 2018
Sr. Property ManagerHealthcare Trust of America Hialeah, FL Dec 12, 2018
Asset Management AnalystAccesso Partners Atlanta, GA Dec 12, 2018
Asset Management AnalystMadison Marquette Washington, DC, DC Dec 12, 2018
Assistant Vice President/Vice President - Valuation ManagementSitus Boca Raton, FL Dec 12, 2018
Tenant Service CoordinatorPiedmont Office Realty Trust NEW YORK, NY Dec 11, 2018
Investment Professional, Financial Analyst - Private Real EstatePartners Group Denver, CO Dec 11, 2018
Real Estate AnalystConfidential Bala Cynwyd, PA Dec 11, 2018
Real Estate AccountantOlympus Ventures LLC Minneapolis (Edina), MN Dec 7, 2018



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.

 
Office

Skills Required

  • Class A: New to newer buildings, Excellent locations (Central Business District), High quality tenants, Professionally managed
  • Class B: Little to no deterioration in building quality, Good locations, Good tenants, Professionally managed
  • Class C: 15 to 25 years old, Good to mediocre locations, Steady occupancy of tenants, Good management
  • Suburban Office
  • Shared Office

Professional Reading and Resources


  • "Buildings"
  • "The Urban Ecologist"
  • "Commercial Property News"
  • "Real Estate Forum"
  • "Development Magazine" by NAIOP

Top Companies


  • Brookfield Properties Corp.
  • The Blackstone Group
  • Hines
  • Vornado Realty Trust
  • Boston Properties