This post is summarized from CRE Daily, dated September 25, 2024
The worst is over: The Federal Reserve’s aggressive rate hikes in 2022 dried up capital, hitting office and multifamily sectors particularly hard. Offices struggled due to the shift to remote work, while multifamily faced oversupply. However, signs of easing inflation and softening labor markets are fueling expectations for interest rate cuts, which could revitalize CRE activity. Easier access to capital will be a boon to commercial real estate and should help bring the transaction market back to life after 2 years of little activity.