WPS - Commercial Real Estate In 2024: A Transition Point

2024-02-09 22:15:00 ET

Summary

• After a turbulent and unexpected 2023, there is widespread concern that commercial real estate will face additional challenges in 2024.
• While the office sector may remain vulnerable, other sectors remain well-funded and will be supported by a constructive economic backdrop, setting the stage for a transformative year in commercial real estate.
• The CRE market now faces heightened refinancing risks, with $1.2 trillion of debt maturing by 2025 amidst tough lending conditions and higher interest rates.

By Seema Shah, Chief Global Strategist

After a turbulent and unexpected 2023, there is widespread concern that commercial real estate will face additional challenges in 2024. While the office sector may remain vulnerable, other sectors remain well-funded and will be supported by a constructive economic backdrop, setting the stage for a transformative year in commercial real estate. ...

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