Are We There Yet? The Road to Recovery for CRE

Are We There Yet? The Road to Recovery for CRE

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William Pattison Michael Steinberg Jacob Kurosaki Kiel Deitrich
MAY 30, 2024

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Executive Summary

  • The U.S. 10 year is likely locked into a tight range for the remainder of 2024.
  • Real estate prices appear to be past the trough, and most assets can no longer be acquired at prices from late 2023. 
  • Office vacancies are rising, but inventory reduction and declining sublease availabilities suggest it will peak in coming quarters. 
  • Infill warehouses, net lease retail, and seniors housing offer the best opportunities today, in our view.