When it comes to economic growth or deceleration, commercial real estate has historically been a lagging indicator, taking longer to slow than other parts of the economy.
The increased rate environment is directly impacting commercial real estate values because the cost of debt is exceeding the rate of return on many investments, all of which is happening before the job market has cooled and consumer spending has dropped. So is commercial real estate really in a recession?
CLICK HERE to read more about this real estate trend from a recent BisNow article.
