Office may have hit the bottom of the cycle already but that has not stopped foreign capital from entering the fray as it looks for safe markets to deploy its money. 

According to CBRE data for the third quarter of 2025, annual transactions remained down about 20 per cent on the year prior. 

It does, however, point to growth in transactions in the third quarter which chalked up $2.1 billion in office deals, up 42 per cent on the previous quarter.