CRE Expectations for Capital Costs and Dealmaking in H2 2024 are Mixed

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.

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