{"id":1004695554,"date":"2024-01-03T15:08:26","date_gmt":"2024-01-03T23:08:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004695554"},"modified":"2024-01-16T09:24:42","modified_gmt":"2024-01-16T17:24:42","slug":"financial-outlook-for-cre","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/financial-outlook-for-cre\/","title":{"rendered":"Financial Outlook for CRE"},"content":{"rendered":"
\"Jessica<\/a>

Jessica Fiur, Editor-in-Chief<\/p><\/div>\n

When it comes to the new year, it\u2019s always good to be optimistic\u2014but also to be realistic. We all know it\u2019s better to make attainable goals than pie-in-the-sky resolutions. For example, resolving to go to the gym once a week\u2014can happen! Resolving to go to the gym for two hours daily\u2014probably won\u2019t happen and will leave you depressed and mad at yourself.<\/p>\n

The same goes when looking ahead to the 2024 commercial real estate market. While there is some optimism, it\u2019s more of a cautious optimism, and investors are taking note. Additionally, high interest rates are expected to limit new development.<\/p>\n

\u201cThere\u2019s a lot of uncertainty, and that rate of uncertainty is causing everyone to pause,\u201d Michael Hyun of Crow Holdings told reporter Gail Kalinoski for her article \u201c2024 CRE Forecast: Is an Investment Comeback Ahead?<\/a>\u201d<\/p>\n

The office market is one area investors might need to be cautious. There will be more than $1 trillion in commercial real estate loans coming due in 2024 and 2025. And while good-quality and highly amenitized offices are still attractive, a lot of office properties might need to be repurposed.<\/p>\n

Yet despite the uncertainty, there is still financing available. In fact, investors are broadening their sights and looking to niche areas such as cold storage and self storage. James Millon of CBRE told Kalinoski that debt and equity financing options are available for asset types such as data centers, production studios and life science properties (you can read more about life sciences in Gabriel Frank\u2019s article \u201cAttracting Life Science Tenants in Core Markets<\/a>\u201d). And don\u2019t count out retail! Even though for years we heard about the \u201cdeath of retail,\u201d this asset class actually did very well last year, and that trend looks like it will continue in 2024.<\/p>\n

\u201cI believe for 2024 we\u2019re going to have a very heavy capital program, just like we did in 2023,\u201d Zachary Bornstein of Olshan Properties told Kalinoski.<\/p>\n

So do your research before investing. And be realistic about the industry. But also, keep some of that optimism going!<\/p>\n

Read the January 2024 issue of CPE.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A look at how different asset classes are projected to perform in 2024.<\/p>\n","protected":false},"author":443,"featured_media":1004401892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788],"tags":[],"class_list":["post-1004695554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes"],"acf":[],"yoast_head":"\nFinancial Outlook for CRE - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/financial-outlook-for-cre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Outlook for CRE\" \/>\n<meta property=\"og:description\" content=\"A look at how different asset classes are projected to perform in 2024.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/financial-outlook-for-cre\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-03T23:08:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T17:24:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/financial-outlook-for-cre\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/financial-outlook-for-cre\/\",\"name\":\"Financial Outlook for CRE - 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