Summer Series Part I: Lending Signals and the Repricing of Office Values
A Structural Repricing of Office Risk Has Begun
By mid-2025, the divergence in global office finance has crystallized into structural repricing. Trophy assets that are green, modern, and well located are commanding capital on terms approaching those of investment-grade corporate debt.
By contrast, legacy buildings that often date from the mid-20th century and lack both operational efficiency and susta…