U.S. Office Market Faces Major Glut, Warns Brookfield Executive

At the MIPIM property conference in Cannes, Brookfield Asset Management’s Bradley Weismiller revealed a striking issue: the U.S. office market is now the most oversupplied globally. According to Weismiller, this imbalance is a product of excessive construction in certain areas, coupled with a shift in how these spaces are utilized. He highlighted that the U.S. market’s overexpansion and its impact on property investors, who are now grappling with heightened levels of debt, underscore a pressing need for strategic reassessment in the real estate sector.