Reports of the office recovery were premature, but opportunities remain for those who know where to look.
MSCI head of real assets research Ben Martin-Henry says the year began with cautious optimism, but several confidence shocks have derailed a smooth upturn in the office market.
After shoots of growth emerged with 1 per cent positive capital growth in the fourth quarter of last year—the highest since mid-2022—the upturn was short-lived.