When CRE transaction volumes plunged last year in the steepest cliff dive since the Great Recession—as the bid-ask gap widened into a yawning chasm—most prognosticators hesitated to predict a turnaround in trading activity before the second half of 2024.
As the first quarter of 2024 comes to a close, there are signs that the transaction revival already has begun.
"We came into the year thinking we'd see a bump up in activity in the second half of the year. The good news is we're seeing a bump up of activity almost immediately," Steve Jacobs, president of online auction leader Ten-X, told GlobeSt.com.
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