By Commercial Cafe | AZ Big Media
The years between 2000 and 2020 have proven to be quite eventful for the U.S. office market. The first decade started on the tail end of the dot-com bubble, which resulted in the boom and bust of an unprecedented real estate bubble. Then, the 2010s were marked by growth and consolidation, only to be capped by a global pandemic — the long-term effects of which remain uncertain. Nonetheless, the market continues to offer opportunities for those who can time their moves well and weather the occasional storm.
The last 20 years had a good share of trophy deals, which usually indicate strong market conditions. We used data from CommercialEdge to review the top 50 office transactions between 2000 and 2020. Specifically, we looked at office buildings of at least 50,000 square feet and mixed-use properties that have more than 50% office space (for further details, read our methodology). In addition to our top 50 list, we also zoomed in to the regional level, reviewing major deals in the Northeast, Midwest, South and West, as well as best-selling Class B office spaces and properties less than 250,000 square feet in size.
