Distress in the commercial real estate market has bottomed out, and conditions will soon be on the upswing as more investors from the private equity world seize opportunities to jump into the space
Commercial real estate remains a highly favored investment class, and multifamily stands above the rest.
As rising real estate prices have been reshaping homeownership across the country, the commercial landscape has also been going through a drastic shift
The Northeast and Midwest regions led gains, with New York City (6.2 percent year-over-year), Kansas City (4.0 percent), New Jersey (4.0 percent), Columbus (3.4 percent) and Chicago (3.2 percent) posting the highest advances.
Single-family permits that start in October 2023 were 13% higher in the U.S. than the prior year From September to October this year, multifamily starts and multifamily permitting rose in the U.S. as a whole.
More than 80% of panelists believe interest-rate cuts will begin in 2024, with most expecting cuts to start in the second or third quarter of 2024.