Office

Newer building supply peaked in 2022 but has declined 25% since then.

Third-tallest downtown tower, 73% occupied, donates six-month leases.

Absorption isn't expected to flip positive in the short term.

Office stood out with its strong performance across the board.

Office, industrial and multifamily saw sales increases, while retail and hospitality posted decreases.

Irvine Co. offloads two towers at a heavy discount as market signals rebound.

With the move, CBRE will create a new business segment, which will include Industrious.

JLL expects the momentum to continue.