Second to none: Skyline investment booms outside gateway U.S. cities
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The trophy buildings that make up the skylines in “secondary” U.S. markets are becoming hot property among investors who are increasingly looking beyond premium buildings in the likes of New York, San Francisco and Boston.
Skyline real estate remains popular across the country, with occupancy rates increasing for the eighth year in a row, according to new JLL research, which examines office space in the tallest buildings across 57 markets. Vacancy in trophy skyline buildings hovers around 10 percent nationally, compared with 12.9 percent in overall office real estate, despite the fact that these premium spaces have seen rents leap up to a record $44.55 per square foot.
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