The US office market is headed for a steep plunge, investor survey says

Mon, 10/02/2023 - 14:39

commercial real estate — Commercial real estate is under rising pressure from higher interest rates and falling property valuations.
Kena Betancur/VIEWpress

Investors believe storm clouds are brewing over the US commercial real estate market.
65% of surveyed investors believe the US office market is in for a steep crash, Bloomberg reported.
Meanwhile, 72% of investors believe that commercial real estate prices will bottom in the next few years.

The US office market is in for a long, steep fall, according to investors surveyed by Bloomberg.

In Bloomberg's latest Market Live Pulse survey, 65% of investors said they believed the US office market would only start to perk up after undergoing a serious decline.