Dwight Hillier News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The mooted sale of a stake in 255 George Street could help kick-start a transactions market which has been stranded in a stalemate over appropriate pricing.

However, even an increase in attendance is unlikely to offset the overall fall in demand for office space as hybrid work stays in play, experts say.

The office sector is under pressure as rates rise, business expansion slows and staff stay home. It all points one way. The big reset is office values is finally underway.

Within weeks, investors will learn what a select group of valuers really think about pricing. Whether buyers accept those anticipated discounts will then be the test.

Analysts are forecasting commercial real estate values in Australia could fall by 20 per cent. We explain what is happening in the market, and what the repercussions could be for everyday investors, and super savers.