After years of decline, investors are showing renewed interest in the U.S. office market. Office building sales volume increased by 20% in 2024 to $63.6 billion, marking the first annual uptick since 2021. Foreign investors, including Norway’s sovereign wealth fund, have made significant acquisitions, signaling optimism about the sector’s recovery.
Factors contributing to this resurgence include increased leasing activity and a shortage of desirable office spaces due to limited recent developments. Some investors are acquiring premium buildings with debt and converting obsolete offices to apartments. Despite challenges like high vacancy rates, the office market is showing signs of stabilization.
The U.S. office market is experiencing a notable resurgence in investor interest, marking a potential turning point after years of pandemic-induced challenges. Office building sales volume increased by 20% in 2024 to $63.6 billion—the first annual uptick since 2021. Foreign investors, including Norway’s sovereign wealth fund, have made significant acquisitions, signaling optimism about the sector’s recovery.
Factors contributing to this resurgence include increased leasing activity and a shortage of desirable office spaces due to limited recent developments. Some investors are acquiring premium buildings with debt and converting obsolete offices to apartments. Despite challenges like high vacancy rates, the office market is showing signs of stabilization.
The U.S. office market is experiencing a notable resurgence in investor interest, marking a potential turning point after years of pandemic-induced challenges. Office building sales volume increased by 20% in 2024 to $63.6 billion—the first annual uptick since 2021. Foreign investors, including Norway’s sovereign wealth fund, have made significant acquisitions, signaling optimism about the sector’s recovery.
Factors contributing to this resurgence include increased leasing activity and a shortage of desirable office spaces due to limited recent developments. Some investors are acquiring premium buildings with debt and converting obsolete offices to apartments. Despite challenges like high vacancy rates, the office market is showing signs of stabilization.
The U.S. office market is experiencing a notable resurgence in investor interest, marking a potential turning point after years of pandemic-induced challenges. Office building sales volume increased by 20% in 2024 to $63.6 billion—the first annual uptick since 2021. Foreign investors, including Norway’s sovereign wealth fund, have made significant acquisitions, signaling optimism about the sector’s recovery.
Factors contributing to this resurgence include increased leasing activity and a shortage of desirable office spaces due to limited recent developments. Some investors are acquiring premium buildings with debt and converting obsolete offices to apartments. Despite challenges like high vacancy rates, the office market is showing signs of stabilization.