Thank you to Lincoln Property Company and Blanca Commercial Real Estate for hosting the February 10, 2016 SFOBA meeting at Royal Palm Office Park in Plantation. We were treated to an excellent presentation on the 2016 office market from Anthony Graziano, Executive Director of Integra Realty Resources.
The short summary – supply will continue to be constrained as the booming multifamily market drives up the prices on potential office development sites. With diminishing supply, we can expect continued upward pressure on rental rates. Cap rates are expected remain fairly stable as strong demand on the investment side from both domestic and international sources overshadows the increase in interest rates.
As promised, here is the link to the entire 2016 Viewpoint publication from Integra.
https://research.irr.com/index.html?page=1#
