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Life science and medical offices are proving to be the all-stars in the recovering office sector. A $3.4 billion sale of University Park at MIT topped the 2021 rankings for commercial transactions in the office space, setting a new record, according to a new study released by CommercialCafe, a commercial real estate internet-listing service.
CommercialCafe used data from CommercialEdge to identify the top 50 U.S. office sales in 2021 by evaluating the transactions involving office buildings with at least 25,000 square feet and mixed-use properties that were more than 50% office space.