Doom and office are words that have been known to accompany each other these days. In terms of office properties selling for a loss more frequently, one analysis recently stated, "The doom loop for office properties appears to be a nationwide phenomenon." And there's been plenty of speculation that the combination of outmigration and fall in office use, along with the drop in property taxes, could mean a doom loop for cities.

But a new report from Integra Realty Resources suggests that despite serious issues facing the property type, the terms "urban doom loop" and "office apocalypse" bandied about may indicate too dour and certain a future.

"You don't have to accept that vision to acknowledge that the office sector has taken a serious blow since 2020," the report said. Office properties have experienced "double-digit negative appreciation returns" over the last year nationwide. Austin, Boston, Chicago, Denver, Houston, Los Angeles, San Francisco, Seattle, and Washington DC have all seen more than 20% declines. Transaction volumes are down 68.6% to 90.3%. Only 20% of markets are in recovery or expansion, while 63% of office markets are in recession and 18% in hyper supply.