While there are reports that foreign investors are selling office REITs, other reports indicate that domestic funds are moving in to buy. It has also been pointed out that rents are holding firm despite the high-interest-rate environment.
Reports indicate that foreign investors are selling office REITs. As for domestic fund flows, domestic money is reportedly turning to buying office REITs.
Rents are viewed by some as holding firm despite the phase of rising interest rates. Going forward, changes in rent levels and portfolio composition are expected to be key areas of focus.
Market participants are said to be awaiting continued reporting on investor activity and the strength of rents, with attention focused on whether further reporting will provide additional corroboration.