Office building sales falter in Q2

Office sales dropped during the second quarter.

Property management companies who focus on office properties may have seen a dip in demand during the second quarter, according to a report from Real Capital Analytics.

In total, the quarter experienced a 10 percent drop in sales when compared to the same point in 2011, to a total of $14.8 billion. Much of this may have to do with continued debt issues, as well as tax policy changes in the United States, according to Reuters.

"One of these issues by themselves is not going to move the dial," Dan Fasulo, managing director of Real Capital Analytics, told the news source. "Add everything up, and it's really hard to make a $100-million decision in that type of environment."

The news source cited a Moody's report which showed that office prices increased 2.5 percent during May. That figure climbed significantly over the year ending during that month, as it rose nearly 9 percent.

Weak demand in the market made sales more difficult as buyers were unable to project how much they would earn from the investments at this point in time.

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