A Correction in US Commercial Real Estate
November 11, 2022
Article by: Jim Costello
- The U.S. market for offices has slowed, with sellers hesitant to take a loss and buyers sitting on the sidelines.
- Bringing volume back to long-term-average levels would require a drop in prices to pique buyer interest, our analysis shows.
- To return to normal levels relative to corporate bonds, office cap rates may need to go up 140 basis points.
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