Some in CRE finance, like IPA Capital Markets, a Marcus & Millichap division, have been generally optimistic about CRE markets. But now they're starting to see the hope of coming rate cuts backing off a bit.
"We didn't see a cut in March, and we likely won't see one in May or June, and there is now an outside possibility we won't see one in 2024 at all," Tyler Johnson, managing director of IPA Capital Markets, tells GlobeSt.com. "However, our team is still optimistic that a cut is coming in July, and is always of the mindset that volatility creates phenomenal opportunities, and the present is no exception to that rule."
That still sees optimistic given the Federal Reserve's latest Beige Book and also comments coming out of central bank officials.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
