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Private Capital, Major Tenants Supplant Institutional Investors as Primary Office Buyers

Both Recent and Long-Term Trends Reshape the Landscape of Office Investment Sales
Office occupiers such as Sunbelt Rentals, which bought its headquarters building at 1799 Innovation Pt. in Fort Mill, South Carolina, last year, have become an increasingly larger share of office buyers since 2021. (CoStar)
Office occupiers such as Sunbelt Rentals, which bought its headquarters building at 1799 Innovation Pt. in Fort Mill, South Carolina, last year, have become an increasingly larger share of office buyers since 2021. (CoStar)

From the vantage point of 2024, it is easy to forget that office space was once the crown jewel of the commercial real estate investment market. That picture was changed considerably by the long-rising fortunes of other property types, combined with the uncertainty about the future of office demand.

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