While the U.S. economy remains resilient, the commercial real estate market’s performance during the first month of 2024 shows a nuanced landscape with sector–specific challenges and opportunities. The normalization of hybrid working arrangements continues to negatively impact office demand, increasing the market`s unoccupied office spaces. However, the fundamentals of the multifamily, retail, and industrial sectors remain robust, indicating a varied performance across the CRE market. Below is a summary of the performance across various commercial real estate sectors at the outset of 2024. Multifamily Properties Mortgage rates remaining near 7%... Commercial Real Estate Market InsightsNational Association of REALTORS® Research Group RSK: The oocie sector still struggling...all others holding the own. | ||
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