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.
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