Brandywine Realty Trust CEO Jerry Sweeney anticipates a rebound in office sales by 2025 as interest rates stabilize or decline, improving access to capital. Speaking at the Urban Land Institute’s 2025 Real Estate Forecast at the Bellevue Hotel, Sweeney noted that office transaction volumes remain historically low, at just 30% to 40% of typical levels.
The slowdown is driven by high interest rates and uncertainty around long-term remote and hybrid work trends. Sweeney pointed out a divide in the market: high-quality office buildings are nearly fully leased and performing well, while lower-quality properties face declining occupancy, loan challenges, and potential foreclosures.
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