Originally posted in the Birmingham Business Journal By Illyshia Parker – Jan 26, 2023
Office leasing has been doing well as companies plan for space needs in a new era of in-office work, but local real estate professionals say there’s less momentum on the office sales side.
John Hardin, managing director at Shannon Waltchack, said there’s been a drop off in the number of building sales and expects to see fewer on the market in 2023. Although there always seems to be a flurry of sales toward the end of the year, he ultimately believes 2021 acquisitions will outpace 2022. He will know for certain when fourth-quarter 2022 data is finalized.
Read full article here: https://www.bizjournals.com/birmingham/news/2023/01/26/office-sales-expectations-for-2023.html