It takes time to turn a large vessel and after years of downward trajectories – but commercial real estate is seeing some positive movement.
CBRE said second-quarter capital markets and lending figures showed improvement in commercial debt and equity fundamentals. Here are some of the details:
Q2 investment volume at $85.7 billion was up 14% between the first and second quarters of 2024, but still down by 3% year-over-year. Q1 rose 15% over 2023 Q4 but dropped 15% year-over-year. CBRE called the quarter-to-quarter improvement in Q2 a "moderation" compared to Q1, but that is pretty close. Sometimes trying to cut too finely between results is to misclassify inherent volatility. It will take more data samples over time, but at least on the surface, it seems worth noting.
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