Hannah HammondFounder & CEO, HB Capital & The Firm RE · CEO of HB Capital | Helping CRE Developers & Investors Fund Deals Nationwide | Host of The Hannah Hammond Show

Most People Argue About Whether Office Is Dead

Name: Most People Argue About Whether Office Is Dead
Uploaded: 2026-03-18T01:22:17+00:00
Duration: 25 s
Channel: Hannah Hammond
Description: In this brief commentary, Hannah Hammond characterizes office real estate as the poorest‑performing asset class in terms of returns, yet simultaneously…

18 Mar 2026 · 0 min

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In this brief commentary, Hannah Hammond characterizes office real estate as the poorest‑performing asset class in terms of returns, yet simultaneously the most attractive for investors because of steep price discounts. She notes that many office buildings are trading at only 50‑60 % of their underlying land value, creating a sizable margin for value creation. Hammond outlines the primary avenues for exploiting this gap: converting or repositioning the space, demolishing and redeveloping it into mixed‑use, retail, or co‑living formats. The overall message is that the attractiveness of office assets hinges on the chosen redevelopment strategy and the depth of the discount.

Office is the worst asset class to be in, or you might say office is the biggest opportunity. Facts. Kind of depends. It is the worst asset class as far as performance goes. However, it is the biggest opportunity as far as getting a big discount goes. We're seeing some office buildings trade at 50 to 60 cents on the dollar for land value. These can be converted, repositioned, or scraped, you know, in a different asset class, rebuilt like a mixed-use or retail, or co-living is a big thing popping up. It really just depends.