The Chief Economist: What's the outlook for commercial real estate in 3Q2024?

In BGO's 3Q2024 commercial real estate outlook, market fundamentals remain strong with some sectors like industrial facing supply pressures and multifamily dealing with regional vacancy variances. Retail remains tight with stable vacancy rates, while the office sector continues to struggle with high vacancies. Capital markets show early signs of improvement, and debt markets are beginning to rebound as the Federal Reserve signals potential rate cuts. The forecast anticipates a gradual recovery with a promising "Great Resynchronization" ahead for real estate investors.

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