Back to today’s briefing

Story perspectives

U.S. Office Market Plummets: Properties Devalued Up to 90%

4/8/2026

38 4 Full Breakdown

Summary

Story summary

The U.S. office market shows drastic price declines due to remote work, with some properties devalued up to 90%.
A Chicago developer purchased a 485,000-square-foot office for $4 million, down from $68.1 million a decade earlier.
In Denver, a complex sold for $5.3 million, originally priced at $176 million.
The General Services Administration (GSA) sold a large Washington, D.C. space for $24 million for residential conversion.

1 of 1

Story summary

The U.S. office market shows drastic price declines due to remote work, with some properties devalued up to 90%.
A Chicago developer purchased a 485,000-square-foot office for $4 million, down from $68.1 million a decade earlier.
In Denver, a complex sold for $5.3 million, originally priced at $176 million.
The General Services Administration (GSA) sold a large Washington, D.C. space for $24 million for residential conversion.