"Commercial Real Estate Market Sees Massive Discounts and Recovery in Late 2024"
TL;DR Summary
The global commercial-property market is showing signs of recovery as more buyers and sellers are finding opportunities to transact, following a period of uncertainty in 2023. Jones Lang LaSalle Inc. reports a 16% increase in the average number of bids per deal in November 2023 compared to the end of 2022, with more clarity around values and a pressing need to address looming debt maturities expected to drive increased activity in the office real estate market.
- Office Towers Get Massive Discounts to Boost Deals in 2024 Bloomberg
- Commercial real estate market poised to thaw on $570 billion gap Crain's Chicago Business
- Commercial real estate recovery forecast for late 2024 The Dallas Morning News
- Bidders Returning To CRE, Sparking Hope For Valuation Clarity, JLL Says Bisnow
- Law360 Quotes Uri Itkin on Real Estate Sectors to Watch in 2024 Akin Gump Strauss Hauer & Feld LLP
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