Office sales confidence improves

Confidence surrounding office property sales has improved.

A report from PricewaterhouseCoopers showed that despite sluggish employment and high office property vacancies, many commercial property managers may be set for an improvement in these transactions in the near future.

While the national unemployment rate has struggled, the report explained that some areas have seen quite strong employment gains, and this includes both Arizona and Florida, among other areas.

"We're finding markets that were overlooked for quite a while, like Denver, like South Florida as being where investors are seeing opportunities from an investment perspective, largely because we haven't seen additions in inventory in those markets in the last five, six, seven years perhaps," Mitch Roschelle, national practice leader for real estate advisory services for PwC, told CNBC.

The largest markets, such as San Francisco, New York and Washington, D.C., all have very little room to fill office space, but this is changing in other markets. Austin, Raleigh-Durham, Northern New Jersey and some other areas of the country have a large ability to improve transactions, and many property management companies may look to examine this space.

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