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According to the global chief economist for CBRE, high interest rates will make 2023 a challenging year for commercial real estate. Still, he doesn’t predict a deep recession leaving an optimistic CRE outlook for the year ahead.
The Fed has boosted the cost of short-term borrowing aggressively this year in its battle to curb inflation. But according to New York Federal Reserve President John Williams, a rate cut is possible in 2024 as inflation pressures likely ease. CLICK ON THE HEADLINE FOR MORE
Economic uncertainty, global events and policy shifts could influence every CRE sector in 2023. Five CEOs from leading investment, finance and advisory firms made the case for cautious optimism as well as for making adjustments in the face of retrenchment. CLICK ON THE HEADLINE FOR MORE
The latest influx of Latin American money to Miami is mostly because of political and economic instability. According to Miami real estate and banking executives, Mexico, Peru, Colombia and Chile are now the leading sources of foreign money coming into the city.
With their whole careers based on thinking up imaginative solutions and translating those to practical, real-world applications, architects are stepping up as leaders in dealing with the virus outbreak. CLICK ON THE HEADLINE FOR MORE