A fire sale has U.S. office buildings going for 90% off
wsj.com
April 7, 2026
1 min read
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46/100
Summary
The U.S. office market is experiencing significant price reductions, with some buildings marked down by over 90%. In Chicago, a developer purchased a 485,000-square-foot office building for $4 million, down from its previous sale price of $68.1 million a decade ago.
Key Takeaways
- U.S. office buildings are being sold at significant discounts, with some properties marked down by over 90%.
- A Chicago developer purchased a 485,000-square-foot office building for $4 million, a drastic reduction from its previous sale price of $68.1 million a decade ago.