Further On: What’s next for commercial real estate? Our experts weigh in.
CBRE Global Chief Economist Richard Barkham and Cycle Monitor’s Glenn Mueller share insights on what to expect across real estate sectors in the second half of 2024.Insights to Share:· Real estate is a delayed mirror of the economy, says acclaimed forecaster Glenn Mueller.· Amid an anticipated long, slow recovery, specialized asset types like self storage and data centers are seeing increased demand.· Demand for real estate is tied closely to employment growth. · Consumer spending has been resilient, but is showing signs of slowing, and corporate balance sheets remain strong.