Real Estate Capital USA: BGO's Severino sees brighter outlook after uptick in Q1 activity
The US commercial real estate market is expecting to see more activity after a year of consecutive rate hikes and muted transactions as the bid-ask spread continues to narrow down and the clarity over valuations is increasing, said Ryan Severino, chief economist and head of US research at Miami-based manager BentallGreenOak.
In Q1 2024, the market sentiment has improved in both interest and ability in
transacting in the commercial real estate space.
“It’s a relative improvement. I don’t want to overstate it, but it certainly seems like things are more optimistic than they’ve been in the last couple of years,” Severino said.
