The Midwest commercial real estate market continues to heat up. Office product, in particular, is performing well. And while prices are up in markets across the country, investors are increasingly targeting the Midwest as a source of great value and quality opportunities. At a time when big coastal markets have seen prices recover up to (and in some cases above) pre-recessionary highs, the Midwest remains a place where a combination of reasonable prices and an improving market creates an appealing investment dynamic. The presence of new players moving aggressively into the Midwest has helped to reinvigorate the regional marketplace, and the office market in the Midwest is extremely strong—even when compared to just 12 or 24 months ago.
Terry Bordeleau, VP