Small Office Demand Showed Up in Q4, and Dentistry Was the Surprise


While the national headlines suggest office demand is cooling, the Janesville/Beloit Q4 2025 data tells a different story for small-footprint properties. With five sales in the 2,000-4,000 SF range, four of which were purchased by dentists, it is clear that owner-users are prioritizing control and long-term equity over leasing. Whether through adaptive reuse or ground-up construction, the high cost of specialized medical build-outs is driving a "buy-over-lease" trend that keeps the small-office market liquid and competitive.

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