Office construction beginning to heat up, reports say

The office sector is “at the beginning of a new construction cycle, but not necessarily one that will result in excessive supply,” according to a report from Principal Global Investors. The recovery in rents and pricing is driving the activity, it says. Other recent reports note an increase in office construction. According to CBRE, 88.7 million square feet of office space were under construction at the end of 2014. Read the GlobeSt.com story here