The Gas Company Tower is worth one-fifth less than a year ago and two-thirds less than in 2021, now valued at $214.5 million, a significant decline from its previous $632 million valuation in 2021.
The new valuation of the property at $153 per square foot signifies a 34% drop in value since 2021, reflecting the downturn in the Downtown office market due to the remote work trend post-pandemic.
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