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This is after reaching a 3three-year low in the first three months of 2024.
The worst may be over as strong demand absorbs a historic wave of supply.
With the interest rate decision expected this week, recession fears diminish.
Steady or flat values and transaction volumes are expected for rest of 2024.
Rents in midsize markets surge due to high capex and borrowing costs.
Investors are closing fewer, but larger, deals across the board.
CRE decision-makers look to demonstrate the value of the office.
In Dallas, these projects have generated spending and created jobs.
Renters and homebuyers stay put amid prolonged high borrowing costs.
Banks are likely to spend the next several years reducing CRE exposures.