Top 10 Largest Office Buildings
in Forest Hills
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 5251 & 5253 36th Street SE | 5251 36th Street SE, 49512 | 162,969 | 1972 |
| 5300 Patterson Avenue SE | 5300 Patterson Avenue SE, 49512 | 141,157 | 1991 |
| Centennial Plaza | 2851 Charlevoix Drive SE, 49546 | 102,300 | 1986 |
| Cascade Commons | 5303 28th Street Court SE, 49546 | 90,725 | 1989 |
| Glenwood Hills | 3196 Kraft Avenue SE, 49512 | 81,000 | 1992 |
| Centennial Park - 3033 Orchard Vista Drive SE | 3033 Orchard Vista Drive SE, 49546 | 80,336 | 1987 |
| Watermark Office Center | 1595 Galbraith Avenue SE, 49546 | 67,351 | 2000 |
| 1515 Arboretum Drive | 1515 Arboretum Drive SE, 49546 | 64,790 | 2001 |
| 5555 Glenwood Hills Pkwy SE | 5555 Glenwood Hills Pkwy SE, 49512 | 60,639 | 1987 |
| Centennial Park - 5800 Foremost Drive SE | 5800 Foremost Drive SE, 49546 | 56,266 | 1969 |
Largest Office Properties Recently Completed
in Forest Hills
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 5670 Eagle Drive SE | 5670 Eagle Drive SE, 49512 | 56,210 | 2019 |
| Watermark Tech Center - 1555 Arboretum Drive SE | 1555 Arboretum Drive SE, 49546 | 30,000 | 2005 |
| Watermark Tech Center - 1575 Arboretum Drive SE | 1575 Arboretum Drive SE, 49546 | 29,210 | 2005 |
| 1515 Arboretum Drive | 1515 Arboretum Drive SE, 49546 | 64,790 | 2001 |
| Glenwood Hills Office Park - 5537 Glenwood Hills Pkwy SE | 5537 Glenwood Hills Pkwy SE, 49512 | 39,820 | 2001 |
| Watermark Office Center | 1595 Galbraith Avenue SE, 49546 | 67,351 | 2000 |
| Cascade Landing | 5136 Cascade Road SE, 49546 | 33,540 | 2000 |
| 5211 Cascade Road SE | 5211 Cascade Road SE, 49546 | 45,784 | 1997 |
| Glenwood Hills | 3196 Kraft Avenue SE, 49512 | 81,000 | 1992 |
| 5300 Patterson Avenue SE | 5300 Patterson Avenue SE, 49512 | 141,157 | 1991 |
News
Multifamily sales across top metros nationwide have increased significantly over the past decade. The transaction volume in 2019 alone was $129 billion, compared to $13.4 billion in multifamily sales in 2009.
The Golden State contributed 29 locations with average asking rents ranging from $58.70 to $109.57 per square foot per year. The second-most dominant representation in our top 50 was New York, which added a total of 13 entries.
Apex Capital Investments purchased Grand2 — a 352,000-square-foot, nine-story office building in Tempe, Ariz. — from Lincoln Property Company for $187.5 million, or $534 per square foot. The building is fully leased to DoorDash, the San Francisco-based food delivery behemoth. The deal, which was...