Everything changed for the commercial real estate industry in the Fed's December meeting, when it telegraphed the chance of three interest rate cuts in 2024. Crexi immediately noticed an impact on its platform.
"This positive news stirred buyers in the cold winter, encouraging pricing on [our] platform to start climbing across most asset classes in Q4," they wrote in a new report. "We're not out of the woods yet, as debt financing will remain less available until banks' appetite for lending returns."
In the meanwhile, three different factors will help bridge the gap until that day comes, it said: cash, corrections, and creativity.
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