The Financial Post reports in its Thursday edition that it might be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. A Canadian Press dispatch to the Post quotes Michael McNabb, portfolio manager at Purpose Investments Inc., saying: "We are in a 'darkest before dawn' scenario heading into 2024 for office REITs. There is no denying they are cheap, but there are numerous headwinds that office landlords face. I think a lot of investors forget that this was the hottest REIT asset class heading into 2020." Office vacancy rates have been rising for 3-1/2 years and will likely continue to climb in the short term with remote working still prevalent. Units in Slate Office REIT, Allied Properties REIT, True North Commercial REIT and Dream Office REIT are all down between 62 and 85 per cent since March 1, 2020. Some were forced to cut their dividends. Slate Office, for example, suspended its monthly distribution in mid-November to conserve cash. True North Commercial slashed its monthly payout early last year. Mr. McNabb said he remains very cautious on the sector and wants to see vacancy rates improve.