As 2023 closes, capital markets for commercial real estate show cautious optimism. Rate volatility is stabilizing, and lenders are selectively returning to the market.
Lending Landscape
- Life companies active on stabilized assets
- Debt funds filling transitional lending gap
- Regional banks returning selectively
- CMBS market showing signs of recovery
2024 Outlook
The market appears poised for increased transaction activity as bid-ask spreads narrow and capital deployment pressure builds.