Office Sector Enters New Stage of Recovery | by Elaine Misonzhnik | Falling cap rates in cardinal markets are forcing investors to examine opportunities in secondary markets. Dr Sam Chandan explains that investors are seeking higher returns than can be found in the markets that have dominated the investment recovery thus far. Elaine Misonzhnik writes: "While office buildings in New York, Washington, D.C. and San Francisco come with fewer risks, cap rates for assets in those markets are now nearing pre-downturn levels, according to Sam Chandan."

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