For the beaten-down US office market, 2024 was a year of diverging fortunes for owners as transactions started to pick up.
Office landlords, confronted with the reality of plunging valuations, started to strike deals to sell properties they no longer wanted – often at steep price cuts – while scoring new equity investments on high-quality towers. Overall, US office sales volume for 2024 through to November jumped 17 per cent from the same period in 2023, according to MSCI data.
