But Goldman Sachs expects deeper rate cuts and Citi thinks there will be a 50-BP rate cut this month.

Most property types as well as capital markets will see improvement.

Higher yields for the 10-year have a more obvious negative effect.

They see how quickly things can change, something CRE markets should remember.

The shift reduces return costs and increases foot traffic and in-store sales.

Anything that could push up Treasury yields affects CRE borrowing costs.

Moody’s expects even speculative-grade defaults to decline in the U.S. and Europe.

Closing on deals has been slow in 2024, but slightly ahead of 2023.