Investors looking for yield in a low-interest rate environment are running to invest in commercial properties in second-tier U.S. cities where rents are just now starting to rise, according to Bloomberg News.

Investors seeking returns on commercial properties have been eyeing office towers in cities such as Seattle and Atlanta, the news agency reports.

Secondary markets outside of key areas like New York, Los Angeles, Washington, Chicago and Boston represented 31% of all office transactions in the third quarter, according to Bloomberg.

This change comes at a time when low interest rates have made other assets less attractive to the investor class, prompting a turn towards commercial real estate in areas where values are starting to rebound slowly, but surely.

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By