Looking at the midyear approaching, BGO Chief Economist Ryan Severino reviewed the first quarter and CRE trends coming out of it.
The "narrative for the U.S. commercial real estate (CRE) market remains largely unchanged," he wrote. The economy continues to expand — the third estimate of 2024 Q1 GDP released on Thursday was revised slightly upward to an annualized 1.4% — "supporting generally healthy space market fundamentals, which are maintaining their general trajectory, both overall and within each property type."
Things remain complicated. High interest rates continue to confound markets and many "are growing increasingly frustrated with the Fed and monetary policy." Severino says that, overall, "the balance of risks still skews positive for CRE over the next 12-18 months."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Unlimited access to GlobeSt and other free ALM publications
- Access to 15 years of GlobeSt archives
- Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
- 1 free article* every 30 days across the ALM subscription network
- Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In
© 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.
