Office Sales Jump 31% as CBD Transactions Accelerate

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US office sales posted 31% year-over-year growth, with $7.6B of nationwide volume recorded in July.

Central business district sales rose 46% in July, compared with 26% growth in suburban office sales.

First-half office sales reached $40B, up 14.1% from the same period in 2025, as several major markets showed stronger activity.

Office transaction activity is showing a clearer rebound in 2026. Bisnow's summary of new Colliers sales data says the sector generated $7.6B of nationwide sales in July and was one of only two traditional asset classes to post volume growth. Office was also the only traditional sector with year-over-year pricing gains that month, although the increase was a modest 4%.

Office Stands Out in a Flat Sales Market

Traditional property sales were almost unchanged overall in July. Nationwide volume across the main sectors totaled $36.3B, down 1% from July 2025. Office stood apart with stronger transaction activity and modest pricing improvement.

Two major deals illustrated the pickup. Williams Tower in Houston sold for $300M, the city's largest office transaction since 2019. Hines also paid $151M for an Austin office tower previously owned by Brandywine.

The pricing increase was limited, but it was still unique among the traditional property sectors tracked by Colliers in July. That gives office both a volume and pricing distinction within an otherwise flat month for commercial property sales.

Urban cores posted the strongest growth. Central business district office sales volume increased 46% in July, while suburban volume rose 26%.

Colliers attributed the CBD increase primarily to individual building sales. In the suburbs, portfolio transactions drove more of the growth, including medical office portfolio deals.

The split also shows different transaction patterns by geography. Single-building trades were more important in downtown markets, while suburban gains depended more on bundled portfolios.

First-half office sales reached $40B, up 14.1% from the same period in 2025.

An Avison Young report cited in the source identified the New York metro area, the Bay Area, and Houston as leading office transaction markets during the first half.

The July results extend that earlier momentum. The source headline puts year-over-year office sales growth at 31%, reinforcing the sector's position as a relative bright spot in a broader transaction market that changed little.