NEW YORK CITY–A year of expectations that 2024 would herald a major rebound for commercial real estate and at least three rate cuts from the Fed has given way to the cold reality that it's time to stop making predictions.

The double gut-punch of a stubbornly high inflation rate and a strong signal from the Fed that it will stay the course with interest rates has everyone considering what the new normal may look like or whether it will be normal at all, at least in terms of historical comparisons.

Where rates will end up this year was the big question for the panel on capital markets at our annual net lease conference in New York this week—and like everyone in the audience, our experts confronted the uncertainty of the moment.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
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.