2024 Isn’t Going To Plan. 61 Global CRE Execs Tell Us What Has Surprised Them — And What’s Next https://trib.al/an1JCWP
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Thank you Bisnow for the opportunity to share my insights in the Mid-Year Sentiment Report. This report tackles three pivotal questions as we navigate the midpoint of the year in the real estate market. I’m sharing these questions with you below and would love to hear your thoughts. 1. What has surprised you most about the CRE market in ’24 to date? 2. How will the first interest rate drop — whenever that may be — affect your business and your decision-making? 3. How have you evolved your “survive till ’25” strategy this year? https://bit.ly/3WccIPC #realestate #realestatemarket #realestateindustry #insights #interestrates #report #btr #sfr
2024 Isn’t Going To Plan. 61 Global CRE Execs Tell Us What Has Surprised Them — And What’s Next
bisnow.com
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CRE research professional and head of a national commercial real estate research platform for Newmark in Canada providing thought leadership, operational excellence, team building and market insights
Halftime is over and commercial real estate is now back on the clock, reported Bisnow. "As the industry enters the third quarter, it is grappling with an acute, ever-murkier question: Can it actually turn the corner in 2024?" "Back in January, Bisnow asked leading executives in the U.S. and Europe to explain how they would “survive till ‘25” — the industry’s war cry as it pondered what 2024 might bring. At that time, sentiments were mixed but overwhelmingly optimistic." "While some executives joked about their “crystal ball being broken” after the wild pandemic years, the consensus leaned toward maintaining existing strategies — with places like Florida being hailed as a “clean shirt in a dirty laundry pile.” (It’s not unsoiled anymore, as we reported in March.)" "However, one prediction did come true in deeply unsettling ways: “2024 will largely depend on what happens with interest rates,” one executive presciently said. Multiple rate cuts were predicted this year. So far, not even one has materialized — and it’s plausible that none will in 2024. In a forthcoming Bisnow survey, 49.4% of CRE executives still believe at least one rate cut will come by the end of the year, a far cry from the 37.8% who in January predicted two cuts." "So, now what? Over the last month, the Bisnow newsroom spoke to 61 real estate executives to find out how they are managing the situation — higher-for-longer rates, persistent inflation, geopolitical instability, a potential banking crisis, asset class segmentation and contraction, and AI integration challenges." "This time around, we asked executives to reflect on three pivotal questions, which can be found below." "As the industry heads into the second half, these insights paint a clearer view of the complex dynamics shaping the industry as it navigates, as one executive put it, a new reality (and perhaps a new slogan): "Need to make up a new rhyme, because it is going to take more time.” https://lnkd.in/gzWk9sxJ #unitedstates #CRE #investment #survey #confidence
2024 Isn’t Going To Plan. 61 Global CRE Execs Tell Us What Has Surprised Them — And What’s Next
bisnow.com
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There have been some massive changes in #CRE since the pandemic. Not just in New Jersey, but across the country. So as we look to 2024, economist and futurist K.C. Conway asks "what's working and what's not working in CRE?" 🏢 Read more: https://lnkd.in/eVKTAmgq #commericalrealestate #NJCRE #njdevelopment #njredevelopment #officedevelopment
What’s Working and What’s Not Working in CRE | NAIOP | Commercial Real Estate Development Association
naiop.org
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Our friends at Hines recently released their 2024 Mid-Year Outlook (link below) that contains some intriguing analyses. Amongst other items, they utilized data from the American Council of Life Insurers (relevant because their data goes back to the mid-1960’s vs most other sources that start in the 1980’s) to create a greed-fear index. What they found was that while recession fears receded from the broader capital markets by mid-2023, the same has not (yet) occurred in the commercial real estate market. As recession fears abated by mid-2023, apprehensions in the broader capital markets eased and investor sentiment surged. However, the commercial real estate sector has not experienced a similar trend, with its index still hovering above average through March. When will CRE investor sentiment rebound to align with the broader capital markets? Link to full report: https://lnkd.in/gVzkWPhJ #stnl #stnlfinancing #nnn #corporatefinance #commercialrealestate #saleleaseback #saleleasebackfinancing
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Sector Banker Zakelijke Dienstverlening bij ABN AMRO Bank N.V. with special interest and focus on the 'social' part of ESG
Unreal estate “Moody’s Investors Service and Fitch Ratings have both downgraded New York Community Bancorp’s credit ratings to below investment grade,” writes the Wall Street Journal. All the bailouts in the world are not going to solve the underlying problem. The commercial real estate issue in the big cities, particularly in Boston, New York, and Chicago, is not going away. They will worsen this entire year, leading to more weakness among the major lenders. This will provoke more centralization and bailouts. The Fed and the U.S. Treasury Department will be watching closely throughout. Will they be able to contain it? Not likely, not over the long term. The financial crisis is coming. They are only kicking the can down the road.
The Financial Crisis Begins
zerohedge.com
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Earlier today, Robert shared his housing sector views with CNBC's 'Squawk on the Street.' Robert described how major trends affect the market and that "all key signs in housing are pointing in the right direction." Watch the newest CNBC interview with Robert Reffkin right now! #Compass #ThisIsCompass #realestate #NYC #agentsofcompass #thriveatcompass #forrent #forsale
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Are big investors really buying up all the homes today? Let’s have a look at the data.
How Many Homes Are Investors Actually Buying? — Heidi Hopfer Real Estate
heidipdx.com
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Managing Broker, Georgia & South Carolina | 𝘗𝘢𝘳𝘵𝘯𝘦𝘳𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘵𝘰𝘱 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘪𝘯𝘨 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘢𝘨𝘦𝘯𝘵𝘴 𝘢𝘯𝘥 𝘵𝘦𝘢𝘮𝘴 𝘵𝘰 𝘩𝘦𝘭𝘱 𝘵𝘩𝘦𝘮 𝘰𝘸𝘯 𝘵𝘩𝘦𝘪𝘳 𝘧𝘶𝘵𝘶𝘳𝘦.
September is all about going Back to Basics! 🏠 With the new commission rules and a shift in how agents and brokers operate post-settlement, it's crucial to revisit foundational skills and adapt to evolving practices. This month's Pulse column dives into how real estate professionals are evolving their systems and investing in their personal growth. As we transition into the traditionally slower fall and winter markets, now is the perfect time to reassess your strategies and embrace new approaches. Stay informed and be prepared to navigate these changes effectively! 🔗 Read the full article: https://lnkd.in/e2fgA8KR #RealEstate #BackToBasics #IndustryInsights #ProfessionalGrowth #FallMarket #InmanNews
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After four years of navigating the ups and downs since the 2020 COVID-19 pandemic, the commercial real estate industry is gradually accepting a new reality, supported by a strong economy. As we approach the end of the year, the transactions market may see an uptick as investors adjust to the new financial landscape. With strong employment and demographic trends driving action, the future looks promising! 💼🏢 Take a look at the 2024 Midyear Outlook and explore the key factors driving the upward trend in the commercial real estate market. Don’t miss out on the insights shaping the future! #CBCWorldwide #commerical #CBCDanbury
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If you're diving into multifamily, you've got to speak the language. Metrics like Gross Rent Multiplier (GRM) and Debt Service Coverage Ratio (DSCR) can give you insights into a property's financial health. It's like checking the vitals before making a diagnosis! 🌡️ #RealEstateMetrics #Multifamily
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