U.S. Office Market Struggling As Prices Fall 11% And Vacancies Hit 19.7%
Allwork
MARCH 3, 2025
million, a staggering 97% drop from its 2006 sale price of $332 million. This decline in new developments reflects a broader trend of shrinking office demand and increased difficulty securing financing. Many of these properties were sold at discounts exceeding 20%, and some were sold at more than half their previous value.
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