Home Newsletter Small Investors are Taking Big Bets on Old Offices

Small Investors are Taking Big Bets on Old Offices

In a shocking turn of events, a handful of contrarian investors are bullish on the long-term prospects of the office market. Recognizing the once-in-a-cycle pricing, many claim now is the time to scoop-up quality assets for cheap.

January 23, 2023

:root {–wt-primary-color: #5f22d8;–wt-text-on-primary-color: #FFFFFF;–wt-secondary-color: #F9FAFB;–wt-text-on-secondary-color: #030712;–wt-tertiary-color: #FFFFFF;–wt-text-on-tertiary-color: #222222;–wt-background-color: #FFFFFF;–wt-text-on-background-color: #222222;–wt-subscribe-background-color: #ffffff;–wt-text-on-subscribe-background-color: #222222;–wt-header-font: “Helvetica”, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, “Segoe UI”, Roboto,”Helvetica Neue”, Arial, “Noto Sans”, sans-serif, “Apple Color Emoji”, “Segoe UI Emoji”, “Segoe UI Symbol”, “Noto Color Emoji”;–wt-body-font: “Open Sans”, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, “Segoe UI”, Roboto, “Helvetica Neue”, Arial, “Noto Sans”, sans-serif, “Apple Color Emoji”, “Segoe UI Emoji”, “Segoe UI Symbol”, “Noto Color Emoji”;–wt-button-font: “Open Sans”, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, “Segoe UI”, Roboto, “Helvetica Neue”, Arial, “Noto Sans”, sans-serif, “Apple Color Emoji”, “Segoe UI Emoji”, “Segoe UI Symbol”, “Noto Color Emoji”;–wt-border-radius: 8px}.bg-wt-primary { background-color: var(–wt-primary-color); }.text-wt-primary { color: var(–wt-primary-color); }.border-wt-primary { border-color: var(–wt-primary-color); }.bg-wt-text-on-primary { background-color: var(–wt-text-on-primary-color); }.text-wt-text-on-primary { color: var(–wt-text-on-primary-color); }.border-wt-text-on-primary { border-color: var(–wt-text-on-primary-color); }.bg-wt-secondary { background-color: var(–wt-secondary-color); }.text-wt-secondary { color: var(–wt-secondary-color); }.border-wt-secondary { border-color: var(–wt-secondary-color); }.bg-wt-text-on-secondary { background-color: var(–wt-text-on-secondary-color); }.text-wt-text-on-secondary { color: var(–wt-text-on-secondary-color); }.border-wt-text-on-secondary { border-color: var(–wt-text-on-secondary-color); }.bg-wt-tertiary { background-color: var(–wt-tertiary-color); }.text-wt-tertiary { color: var(–wt-tertiary-color); }.border-wt-tertiary { border-color: var(–wt-tertiary-color); }.bg-wt-text-on-tertiary { background-color: var(–wt-text-on-tertiary-color); }.text-wt-text-on-tertiary { color: var(–wt-text-on-tertiary-color); }.border-wt-text-on-tertiary { border-color: var(–wt-text-on-tertiary-color); }.bg-wt-background { background-color: var(–wt-background-color); }.text-wt-background { color: var(–wt-background-color); }.border-wt-background { border-color: var(–wt-background-color); }.bg-wt-text-on-background { background-color: var(–wt-text-on-background-color); }.text-wt-text-on-background { color: var(–wt-text-on-background-color); }.border-wt-text-on-background { border-color: var(–wt-text-on-background-color); }.bg-wt-subscribe-background { background-color: var(–wt-subscribe-background-color); }.text-wt-subscribe-background { color: var(–wt-subscribe-background-color); }.border-wt-subscribe-background { border-color: var(–wt-subscribe-background-color); }.bg-wt-text-on-subscribe-background { background-color: var(–wt-text-on-subscribe-background-color); }.text-wt-text-on-subscribe-background { color: var(–wt-text-on-subscribe-background-color); }.border-wt-text-on-subscribe-background { border-color: var(–wt-text-on-subscribe-background-color); }.rounded-wt { border-radius: var(–wt-border-radius); }.wt-header-font { font-family: var(–wt-header-font); }.wt-body-font { font-family: var(–wt-body-font); }.wt-button-font { font-family: var(–wt-button-font); }input:focus { –tw-ring-color: transparent !important; }li a { word-break: break-word; }@media only screen and (max-width:667px) {.mob-stack {display: block !important;width: 100% !important;}.mob-w-full {width: 100% !important;}}@font-face {font-family: ‘Open Sans’;font-style: normal;font-weight: 400;src: url(‘https://fonts.gstatic.com/s/opensans/v28/memvYaGs126MiZpBA-UvWbX2vVnXBbObj2OVTS-mu0SC55I.woff2’) format(‘woff2’);}@font-face {font-family: ‘Open Sans’;font-style: normal;font-weight: 700;src: url(‘https://fonts.gstatic.com/s/opensans/v28/memvYaGs126MiZpBA-UvWbX2vVnXBbObj2OVTS-mu0SC55I.woff2’) format(‘woff2’);}@font-face {font-family: ‘Open Sans’;font-style: italic;font-weight: 400;src: url(‘https://fonts.gstatic.com/s/opensans/v28/memtYaGs126MiZpBA-UFUIcVXSCEkx2cmqvXlWqWuU6FxZCJgg.woff2’) format(‘woff2’);}@font-face {font-family: ‘Open Sans’;font-style: italic;font-weight: 700;src: url(‘https://fonts.gstatic.com/s/opensans/v28/memtYaGs126MiZpBA-UFUIcVXSCEkx2cmqvXlWqWuU6FxZCJgg.woff2’) format(‘woff2′);}.table-base, .table-c, .table-h { border: 1px solid #C0C0C0; }.table-c { padding:5px; background-color:#FFFFFF; }.table-c p { color: #2D2D2D; font-family:’Helvetica’,Arial,sans-serif !important; overflow-wrap: break-word; }.table-h { padding:5px; background-color:#F1F1F1; }.table-h p { color: #2A2A2A; font-family:’Trebuchet MS’,’Lucida Grande’,Tahoma,sans-serif !important; overflow-wrap: break-word; }

.bh__byline_wrapper {font-size: .875rem;line-height: 1.25rem;vertical-align: middle;justify-content: space-between;display: block;}.bh__byline_social_wrapper {display: flex;margin-top: 0.5rem;align-items: center;}.bh__byline_social_wrapper > * + * {margin-left: 1rem;}@media (min-width: 768px) {.bh__byline_wrapper {display: flex;}.bh__byline_social_wrapper {margin-top: 0rem;}}