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Increasing Downtown Activity Points to Market Revival

But could take 18 years for office to transition into a new post-pandemic normal.

By Kristen Smithberg | January 22, 2025 at 07:07 AM

CBRE global chief economist Richard Barkham said he is convinced a revival is underway in the commercial real estate market and that now is the time for developers and investors to seize the opportunity.

In an article published in CBRE’s Our Take newsletter, Barkham said his travels throughout 2024 revealed a number of positive indicators that support his prediction for 2025. The country is showing signs of recovery as we approach the five-year anniversary of the onset of the pandemic, he said.

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