A new Office Chronicle report from JLL highlights emerging signs of stabilization in the U.S. office market, with improving fundamentals, rising transaction activity and renewed institutional interest signaling a potential turning point for the sector.
According to the report, the “four pillars of recovery” are beginning to take shape. These include improving space fundamentals, a limited pipeline of new supply expected over the next five years, increased seller capitulation and a gradual return of debt availability. Together, these factors are helping to reset pricing expectations and support transaction momentum following a prolonged downturn.
Investment activity has already begun to rebound. Office investment sales activity rose 41 percent year-over-year, reaching $62.7 billion in 2025, up from a cyclical low of $39 billion in 2023. The increase reflects a growing willingness among both buyers and sellers to transa
