Office buildings finally started trading hands this year after a long dry spell brought on by elevated interest rates and a gaping gulch between buyer and seller price expectations. 
While thousands of office sales in some of the country’s hardest-hit markets were welcomed as a sign that a long-awaited rebound might finally be on the way, the sales also represented sometimes bone-deep discounts for sellers trying to offload underperforming assets. As 2025 draws to a close, however, the tide might be turning.