US commercial real estate prices may have fallen 15% from their peaks – led by a 30% plunge in office values – but this isn’t over. High interest rates, slow growth and a tough lending environment will continue to weigh on investor demand.
But is a turning point in sight? Could 2024 mark the bottom for the CRE market? And in which sectors and metro markets will investors find outperformance this year and into 2025?
To mark the publication of our latest US CRE outlook, Deputy Chief Property Economist Kiran Raichura held an online briefing all about the factors that we think will drive performance this year and beyond.
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