Questions compile about where the economy is going. The Federal Reserve doesn't know when rate cuts might happen. So, why should commercial real estate be able to predict where markets are going?
Uncertainty, though, is a positive sign in CRE because some data at least shows the possibility of an eventual recovery and not only a predictable downward trudge. An example: A Goldman Sachs analyst thinks office transaction volumes might have bottomed.
A new sign is a report from CoStar that looks at the company's repeat-sales indices through May 2024. Transaction volume was up for the third consecutive month, reaching $8.4 billion in May, up 0.6% from April. That broke out to general commercial rising between the two months 4.3% to $3.6 billion and investment grade falling 2.1% to $4.8 billion.
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.
