Britain’s commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices.
Some big-ticket office properties now on sale will show just where the market is likely to bottom out and how briskly UK deal volumes will recover – especially in the hard-hit office market. How that plays out could in turn signal what awaits other countries still gripped by a deeper downturn.
Real estate investor Nuveen has put a 21-storey City of London tower it completed in 2019...