US office S-Reits could be on the cusp of a comeback

US office S-Reits, particularly Prime US Reit, Keppel Pacific Oak US Reit, and Manulife US Reit, may be on the verge of recovery as interest rates decline and leasing demand improves. Analysts from DBS noted a rebound in tenant demand and a tightening of Class A office vacancies. Prime US Reit has raised US$25 million to enhance liquidity and is projected to increase its distribution per unit significantly by FY2026. The overall sentiment is optimistic, with expectations of continued growth in the US office market.