Growthpoint Properties Australia (ASX:GOZ) Shares Slip Despite Record Office Leasing
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed office deal value tracked in September 2026: $743.2M across 7 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Office
Citadel, Santander Towers To 'Galvanize' Miami Office Market
Albany Plans $25M Makeover for Government Complex
New York’s Office of General Services (OGS) plans to spend $25 million to improve Empire State Plaza, a 98-acre complex of state government buildings in Albany, with the aim of creating a more active and accessible ci…
Office leasing enters cautious phase as firms reassess expansion plans
Fried Frank Guides $120M Manhattan Office Tower Loan
Industrious Adds 19th L.A.-Area Location at Caruso’s Masonic Temple
Coworking giant Industrious is adding another location in Southern California, this time at one of the more recognizable office properties in Glendale. The flexible office provider has signed for 12,000 square feet ac…
Sheppard Law Firm Signs 107K-SF Office Lease in Downtown DC
Sheppard, a law firm with more than 1,200 lawyers across 16 offices, has signed a 107,224-square-foot lease at In-Rel Properties’ 2033 K Street NW, becoming the anchor tenant. In-Rel acquired 2033 K Street, and the pr…