The commercial real estate market has rarely seen a sector falter and collapse permanently—everything eventually finds a way to rebound. As some experts are beginning to note, Marcus & Millichap is spotting “green shoots” of recovery in the office asset class in particular, suggesting that even this once beaten down sector may be poised for its opportunity to return.

In its 2025 Office National Investment Forecast, the company explained that while office properties continue to face a “particularly complex operating climate … some green shoots have begun to emerge.”

In three quarters of 2024, there was positive net absorption — marking the strongest office demand since 2019. The push for a return to office is strong among many companies with momentum shifting in that direction. However, as the firm says, remote and hybrid structures aren’t ending either.

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