Are institutional real estate investors on the sidelines? The latest numbers from MSCI Real Assets would suggest so. US commercial real estate transactions in the third quarter of this year fell by 56% relative to Q1 2022. Sales of office properties were the weakest since 2010.
COVID-19 has disrupted office markets around the world and accelerated trends that were already in place. But, today, cities face different levels of occupancy, remote working, pandemic restrictions, and vaccination and case rates.