Colliers wonders if the "next great buying cycle" for office could be now.

It points to research by Revolution that notes that when lenders tighten, the four-year forward price change vastly outperforms.

"Think back to the early 1990s savings and loan crisis, the dot-com bust, and the Global Financial Crisis," Colliers' Aaron Jodka wrote. "Those who acquired assets during those periods saw strong outperformance in the years that followed."

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