Commercial real estate investors have much to look forward to in 2025, both from an operational standpoint and an investment transaction point of view, said John Chang, national director of research and advisory services at Marcus & Millichap.

Describing 2024 as a choppy year for CRE, Chang noted that consumer sentiment and small business optimism began to tick up in November and December.

“Those psychological dimensions can play a big role in people's decision-making, and can really influence commercial real estate,” said Chang.

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