Auction.com, LLC reported closings on 74 commercial assets throughout November of last year with a total combined value of more than $205 million.
The office sector continues to show strength on the Auction.com platform, according to company officials.
“Pricing in the office segment continues to outpace the fundamentals, making this a market best suited for patient investors who can see the long term potential a property can achieve,” said Rick Sharga, executive vice president of Auction.com, in a written statement.
“We’re seeing a shift from bargain hunters to investors who are looking for market-priced office properties with unique attributes and features that make them more attractive to tenants. Properties with prime locations – access to freeways, residential communities and various amenities – help secure current tenants, and are more likely to generate higher rents in the future.”
