Plunging office valuations are creating challenges for analyst firms when assessing how low will they go.
A Green Street office report from June 28 states as such, adding that additional signs now indicate the firm's estimates are too high – despite already marking down A-quality office values several times this year.
Green Street's Commercial Property Price Index for REIT-quality office assets "has already been marked down 30% from pre-Covid highs prior to this recent reduction."
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