America's Office Fire Sale Has Barely Begun

Only 3.5% of offices sold last year came from a distressed seller, thanks to optimism and forgiving lenders.

Last year, the number of offices sold by distressed sellers amounted to only 3.5% of the total. This low percentage can be attributed to a combination of optimism within the market and leniency from lenders. The relatively small number of distressed sellers indicates a more positive outlook for the overall financial health of businesses and their ability to handle economic challenges. This trend suggests a favorable environment for the real estate market and potential opportunities for investors.