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Commercial property owners may still reduce taxes based on COVID-era interest rate cuts, but that window may be closing.
"We need core-plus capital flowing in to allow us to rotate our portfolios."
Panelists were asked for their perspectives on market activity over the past year.
While inflation remains a concern, what really matters to CRE is the certainty that is emerging around rates.
For CRE, rising employment is a positive.
One-third of homeowners are spending more than 30% of their income on housing costs.
Wealthy individuals made up approximately 66% of buyers this summer.
According to Nadji, concerns are abound, from geopolitics and elections to climate change.
Investors are returning to the US market as positive economic indicators emerge.
Rents in the sector grew 4.1% on steady demand and contraction in supply.