The investors are coming. Not in red coats, but swathed in capital. GlobeSt.com has heard from many in the last 12 to 18 months about the dry powder waiting for opportunities to invest. As things gear up, the market's bottom is coming into view.
While many argue about how much trouble commercial real estate is facing, increasingly, the market makers and facilitators have been pointing out that even in tougher property types like office, there can be hope.
BlackRock's 2024 Private Markets Outlook says that the "window of opportunity is opening up for real estate investors." Yes, valuations are falling. Yes, rents on all kinds of properties aren't growing the way they were. Office is in pain. Even a one-time darling of the pandemic CRE set, multifamily, has seen six months of falling rent rates.
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