For office investment sales in 2024, the glass is either half empty or half full—and we're not talking about occupancy levels, although that's certainly part of the equation. It's mostly about buying properties at a favorable price point like a Silicon Valley office campus that has been sold.
Sellers can console themselves by accepting the reality that the new normal for office valuations is much lower than it was before the pandemic. Buyers are placing bets on properties that previously were prime locations, hoping these bargains eventually will regain their lost value.
In struggling markets, each transaction is scrutinized as a benchmark—for pricing by sellers in the short term and optimism by buyers in the long term.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
