Leasing in The Office Market Remains Stable

Leasing in The Office Market Remains Stable

Article By Brandon Ferguson

Featuring Doug Shea, Owner of INCO Commercial

Leasing In The Office Market Remains Stable, Investment Sales Heavier in Downtown

Commercial realtors are reporting continuing strength and stability in both the leasing and sales of office space.

“If you can find the product, people are buying,” Doug Shea, owner of INCO Commercial, told the Business Journal. “The highest demand [is] really for top quality institutional grade assets,” he said.

Shea further explained that the office sector, like retail and industrial, is strong due to continued low interest rates with the medical industry as a key factor driving the office market. “We all know medical is very strong still,” he said.

To read the rest of the Long Beach Business Journal article, check out their Real Estate Quarterly publication here.