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Office investment begins to shift from capitulation to opportunity

Rising deal counts, tighter market conditions show sector moving toward recovery
123 Front Street West, a 344,393-square-foot office tower in downtown Toronto, was purchased by GWL Realty Advisors for $243.6 million in July 2026. (CoStar)
123 Front Street West, a 344,393-square-foot office tower in downtown Toronto, was purchased by GWL Realty Advisors for $243.6 million in July 2026. (CoStar)
CoStar Analytics
September 28, 2026 | 3:06 AM

For much of the past decade, office property sales have trended lower as investors reassessed the future prospects of the asset class once considered among commercial real estate's safest bets. While there are signs of recovery, they emerge after years of decline.

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