Property-Market Hits ‘Inflection Point’ Even as Offices Lag, BGO Says
- Firm’s president says there’s more transaction activity
- Offices remain an outlier as owners confront demand challenges
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Many parts of the commercial-property market have started to hit a bottom, but offices remain an outlier, according to real estate investment firm BGO, which oversees more than $80 billion.
“Rate cuts have started, optimism is returning to the market and we’re seeing more transaction activity,” BGO President Amy Price said Thursday in a Bloomberg Television interview. “We’re seeing it on the credit side with loan pools, and we’re seeing it on the equity side with bidder pools, so it does feel like we’re hitting an inflection point.”