By Corina Stef<\/p>\n
The U.S. office market managed to maintain investor interest mostly due to its solid base and good fundamentals. Although investment volume<\/a> saw a significant dip in 2017, there wasn’t a decrease in asset prices, as acquisition yields for Class A properties have either stabilized in the 5-6% range or have dropped even further. Capitalization rates for trophy assets are now well below the 5% mark in most gateway markets, leading investors to pivot to new, highly amenitized properties in secondary markets.<\/p>\n Portfolio transactions have remained a staple for the industry, leading to a number of large transactions being completed last year. As a result of current market dynamics, the largest groupings of properties that traded hands were located in the country’s stronger markets, or as part of large sale-leaseback deals for sizable office campuses.<\/p>\n The list highlights the five most expensive office portfolio sales which changed hands during the last year. The ranking is based on Yardi Matrix data.<\/p>\n