The outlook among commercial real estate industry players remains mixed as 2024 reaches its midway point. A second-quarter survey by Altus Group found that more respondents were concerned about a potential recession compared to the previous quarter, but a greater share felt more optimistic about debt capital availability.
About half of the respondents did not anticipate a near-term recession, though the number expecting a recession soon increased by seven percentage points from the first-quarter survey. Additionally, many believe the U.S. capital environment will remain challenging, with 49% expecting stable interest rates over the next year, and 40% anticipating an increase in the cost of capital.
For more information about New Jersey, Pennsylvania or New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com. WCRE, is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage firm that specializes in healthcare, office, retail, land, industrial, and investment properties.
WCRE is a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings, services and property management services for landlords, owners, investors, tenants and more.
As experts in tri-state region, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their commercial real estate goals.
