The office sector is showing improving demand, but buyers and lenders remain selective. In an exclusive interview with IREI, Michael Lee, principal and partner at HKS Real Estate Advisors, discusses where office fits in today’s market and how lenders are evaluating deals today.
HKS Real Estate Advisors is a commercial real estate advisory firm that has completed more than $30 billion in transactions across debt and equity advisory.
Are improving office fundamentals beginning to bring buyers and lenders back into the market?
A lot of people I talk to, whether they are small operators or larger operators, have a robust tenant pool. They clearly want space and they are extending leases.
People are starting to jump back in again on a
