Selective Capital Returning to Office in Strong Markets

Commercial real estate bidding reached its strongest monthly improvement in a year. Remarkably, office is leading the recovery. For the first time since early 2024, office overtook living properties as the most liquid CRE sector. The shift points to a repricing actually happening in the office market. Office buildings that seemed unbuyable two years ago are now attracting serious institutional capital. Valuations fell far enough to justify acquisition and capital is coming back in looking for good deals...