Mixed outlook on CRE in second half of 2024

–

The numbers were split roughly half and half among participants in the Altus Group survey. Half were concerned abut the possibly of a recession and the other half doesn’t anticipate a recession. There were mixed results on interest rates as well, with 49% of participants saying they expect the interest rates to remain stable during the next year. The gap between seller expectations and Buyer’s willingness to pay, has created a roadblock to many deals making it to the closing table. The majority of respondents felt that most land/development sites were overpriced, along with office and multifamily properties; with retail coming in as the most fairly priced in the current market.

https://www.bizjournals.com/cincinnati/news/2024/07/01/cre-sentiment-midyear-2024-deals-pricing.html

#cincinnati #ohio #cre #development #multifamily #office #retail #land #commercialrealestate #buyers #sellers #altusgroup #marketoutlook #marketpricing #cincinnatibussinesscourier #businesscourier #businessjournal