Multiple rate cuts were predicted this year. So far, not even one has materialized — and it’s plausible that none will in 2024. In a forthcoming Bisnow survey, 49.4% of CRE executives still believe at least one rate cut will come by the end of the year, a far cry from the 37.8% who in January predicted two cuts.
But it’s not just interest rates that keep the industry up at night. Executives tell Bisnow they are wrestling with persistent inflation, geopolitical instability, potential real estate-driven banking crises, the impact of asset class segmentation and contraction, and the challenges of integrating artificial intelligence.
Source: 2024 Isn’t Going To Plan. 61 Global CRE Execs Tell Us What Has Surprised Them — And What’s Next
