Commercial real estate’s biggest brokerages posted strong first-quarter results, largely beating expectations and offering an early indicator that a market recovery is in the making.But despite robust first-quarter growth, the firms also hedged their expectations for the rest of the year as macroeconomic uncertainty casts a shadow over the financial bright spots that emerged at the start of the year.
“We were, I would say, at the beginning of the quarter, excited that things were stabilizing,” Colliers CEO Jay Hennick said during his firm’s May 6 earnings call. “And then, of course, all this tariff stuff started and all of a sudden transactions that were close to closing had financing tied up and a variety of other things just were put on delay.”...
RSK: I do not think anyone in CRE is panicking over the tariffs effects on the CRE business. Might even help in the long run once it all settles out.
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- - Volume: 25 - WEEK: 21 Date: 5/20/2025 12:22:52 PM -