Urban Property Investor

This is part 2 of our ongoing series… The World’s Largest…

The top five developers of commercial office properties are as follows: Opus Group, Morgan Stanley Real Estate, Trammell Crow Co., Duke Realty Corp. and the Alter Group. The former three develop almost $1 billion of properties in a 12 month period, while the latter two develop about $600 million worth of office space.

Although the economy is weakening, it can be predicted that the amount of new office space being developed will fall dramatically, as many companies layoff employees, downsize and relocate, there will be plenty of vacant space filling the pipeline. Yet, in most economic downturns, there are recovery points and once the market recovers, we see that traditionally prime locations will receive the most interest from large corporations. These large developers will once again play a major role in office development in the next economic boom, assuming they can withstand this subprime crisis and financial tsunami.

This entry was posted Wednesday, December 17th, 2008 at 11:43 pm and is filed under World's Largest. You can leave a response, or trackback from your own site.