Everything changed for the commercial real estate industry in the Fed’s  December meeting, when it telegraphed the chance of three interest rate cuts in 2024. Crexi immediately noticed an impact on its platform.

“This positive news stirred buyers in the cold winter, encouraging pricing on [our] platform to start climbing across most asset classes in Q4,” they wrote in a new report. “We’re not out of the woods yet, as debt financing will remain less available until banks’ appetite for lending returns.”


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erik Sherman

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.