Despite better-than-expected economic growth in the first half of the year, concerns over the U.S. economic outlook dampened investor sentiment, according to a new report from CBRE.
The firm said uncertainty about where interest rates were going and tightening lending standards by regional and community banks took a toll.
CBRE expects to see improvement during the first half of 2024 as "economic conditions stabilize and a clearer outlook emerges for borrowing rates."
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