Replying to @jervis43:mostly it is fear that if US goes into recession many offices will close though the occupancy rates in these places are actually high. market always prone to sentiments//@jervis43:$Prime US ReitUSD(OXMU.SI)$ portfolio is mainly US offices. given the current macroeconomic environment, it makes sense to dip in price...

I tend to agree on what the writer has to say. But also take note that many small startups who may run for a couple years saves tonnes of early investment infrastructure money by going to cloud. Instead of spending on tools of the trade that matter why spend  huge amount of money on compute/storage/memory and underlying software like DB n OS when they should be focussing on the business.