{"id":1004723024,"date":"2024-07-29T00:32:59","date_gmt":"2024-07-29T08:32:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004723024"},"modified":"2025-03-14T03:47:21","modified_gmt":"2025-03-14T11:47:21","slug":"rics-monitor-the-worst-is-behind-us-cre-players-believe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/","title":{"rendered":"RICS Monitor: Is the Worst Behind Us?"},"content":{"rendered":"<iframe allow=\"autoplay *; encrypted-media *; fullscreen *; clipboard-write\" frameborder=\"0\" height=\"175\" style=\"width:100%;overflow:hidden;border-radius:10px;\" sandbox=\"allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation\" src=\"https:\/\/embed.podcasts.apple.com\/ro\/podcast\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/id1552202952?i=1000663654798\" ><\/iframe>\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004527994\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/global-economy-keeps-improving-but-momentum-is-slowing\/tarrant-parsons-1-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexander Caminada&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Tarrant Parsons. RICS. London. United Kingdom.&quot;,&quot;created_timestamp&quot;:&quot;1548685400&quot;,&quot;copyright&quot;:&quot;Copyright Alexander Caminada 2019&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Tarrant Parsons. RICS. London. United Kingdom.&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tarrant-Parsons-1-1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tarrant Parsons, Senior Economist, RICS. Image courtesy of RICS&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?w=800\" alt=\"Tarrant Parsons on CRE outlook\" class=\"wp-image-1004527994\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">The Fed&#8217;s first move on interest rate cuts looks on track for September, Parsons said. <em>Image courtesy of RICS<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/naiop-sentiment-index-points-to-increasingly-positive-feelings\/\">Investor and occupier sentiment<\/a> across the globe is still recovering, with no major changes from the first quarter of the year. This is the main trend stemming from the most recent Global Commercial Property Monitor survey released by the Royal Institution of Royal Surveyors in London. A growing number of CRE players sense that the market has reached the bottom of this cycle or is very close to reaching that level.<\/p>\n\n\n\n<p>In this podcast episode of our RICS Monitor quarterly series, Senior Economist Tarrant Parsons told <em>Commercial Property Executive<\/em> Senior Editor Laura Calugar that the mood that stems from <a href=\"https:\/\/www.rics.org\/news-insights\/market-surveys\/global-commercial-property-monitors\" target=\"_blank\" rel=\"noreferrer noopener\">the organization\u2019s latest survey<\/a> is that the worst is now behind us.<\/p>\n\n\n\n<p>In Europe, some financial institutions have already delivered at least one rate cut, and the most recent data on economic growth is favorable enough to allow for a September rate cut from the Federal Reserve, Parsons believes.<\/p>\n\n\n\n<p>Here\u2019s a dropdown of what else he talks about:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Why no major changes in CRE sentiment should be expected (0:58)<\/li>\n\n\n\n<li>Why investors are a bit more optimistic (2:08)<\/li>\n\n\n\n<li>Credit conditions (3:07)<\/li>\n\n\n\n<li>CRE valuations (6:04)<\/li>\n\n\n\n<li>Development starts metrics (7:25)<\/li>\n\n\n\n<li>Why alternative assets and prime space continue to outperform (8:56)<\/li>\n\n\n\n<li>The mixed picture in the APAC region (10:28)<\/li>\n\n\n\n<li>Investor and occupier sentiment in Europe (11:56)<\/li>\n\n\n\n<li>Upbeat results in the Middle East and Africa (13:50)<\/li>\n\n\n\n<li>The North American market (15:02)<\/li>\n\n\n\n<li>What should we expect for the second half of the year? (16:35)<\/li>\n<\/ul>\n\n\n\n<p><em>Follow, rate and review CPE\u2019s podcasts on\u00a0<a href=\"https:\/\/open.spotify.com\/show\/192KwbDpOsZbF3dBXfaDkS\" target=\"_blank\" rel=\"noreferrer noopener\">Spotify<\/a>\u00a0and\u00a0<a href=\"https:\/\/podcasts.apple.com\/ro\/podcast\/commercial-property-executive\/id1552202952\" target=\"_blank\" rel=\"noreferrer noopener\">Apple Podcasts<\/a>!\u00a0<\/em><\/p>\n\n\n\n<p><em>\u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senior Economist Tarrant Parsons expects a September rate cut from the Federal Reserve. Listen now to an in-depth analysis of global trends!<\/p>\n","protected":false},"author":238,"featured_media":1004527994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,23891,21795],"tags":[33936,52575,43061],"class_list":["post-1004723024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-national","category-podcasts","tag-rics","tag-rics-monitor","tag-tarrant-parsons"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Worst Is Behind Us, CRE Players Believe - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"RICS Senior Economist Tarrant Parsons reveals details about the organization&#039;s latest survey on CRE sentiment across the globe.\" \/>\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\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RICS Monitor: Is the Worst Behind Us?\" \/>\n<meta property=\"og:description\" content=\"RICS Senior Economist Tarrant Parsons reveals details about the organization&#039;s latest survey on CRE sentiment across the globe.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/\" \/>\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=\"2024-07-29T08:32:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-14T11:47:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.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=\"Laura Valean\" \/>\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\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/\",\"name\":\"The Worst Is Behind Us, CRE Players Believe - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\",\"datePublished\":\"2024-07-29T08:32:59+00:00\",\"dateModified\":\"2025-03-14T11:47:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"description\":\"RICS Senior Economist Tarrant Parsons reveals details about the organization's latest survey on CRE sentiment across the globe.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rics-monitor-the-worst-is-behind-us-cre-players-believe\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Tarrant-Parsons-1-1.jpg\",\"width\":800,\"height\":620,\"caption\":\"Tarrant Parsons, Senior Economist, RICS. 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