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Office Sale Prices Post First Annual Increase Since 2021
The average sale price of an office building ended 2025 with the first increase since 2021, CommercialCafe reported, citing Yardi Matrix data. Pricing was up 6.1% from $172 a year ago to $182 per square foot in 2025. Although most markets are still far below their 2019 values, many have begun to recover after significant increases in average prices last year.
Values in four of the top 25 metro areas that CommercialCafe analyzed have surpassed their respective pre-COVID 19 levels. Miami prices increased 20% from 2019, followed by Dallas (8.5%); Detroit (8.4%); and Orlando (5.8%).
In terms of sales volume to start 2026, Manhattan has led the way with more than $1 billion in office sales closed in January, putting it on track to continue the trend established in 2025. Totaling nearly $7.8 billion, 73 Manhattan office sales closed in 2025, the highest number since the start of the decade.
Pictured: Park Avenue Tower in Midtown Manhattan, which sold for $730 million in January 2026.
- ◦Sale/Acquisition
