The 2024 economic outlook for commercial real estate (CRE) is uncertain due to persisting challenges, particularly high interest rates. While inflation has subsided and the U.S. manages to avert a recession in 2023, the CRE market faces adversity from these interest rates. This predicament is causing various issues noted below.
Dan Weede and Lena Chan recently published an article in the Wealth Management 2024 Market Outlook addressing the economic challenges in CRE due to high interest rates and various strategies to follow to mitigate risks and exploit CRE opportunities.
Read the full publication here.