The Case for a Real Estate Rebound

June 05, 2025

If real estate development is on the verge of a comeback, as we hope, it could not have chosen a better time. With all the worry around federal public works, trade wars and related matters, it’s easy to ignore what could go right with the U.S. economy. That would be a mistake if it leads to excessive caution. The historic post-pandemic reckoning over office building vacancies is still unfolding, with some city-center skyscraper properties changing hands for a fraction of their previous value. But these deals are a sign that buyers believe a turnaround is possible.

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