Joseph J. Blake and Associates Inc.’s Director L. Stacy Letton and Valcre co-founder and Vice President of Client Experience Grant Norling recently discussed key points on the webinar “Appraising Office Space Today.”
The conversation centered on appraising stabilized office assets including stagnating rents, vacancy trends, increasing expenses and investor activities. Non-stabilizing assets also were brought up in terms of how value is added, how to determine an achievable occupancy, as well as what rates are applicable.
Letton and Norling also highlighted misconceptions there might be when it comes to appraising office space and what appraisers, and people in general, may not understand about the process.
Market conditions also are key in determining value to offices in addition to the ever-changing lending environment.
You can purchase the 60-minute program by clicking here.