The Weekly Take from CBRE
The Weekly Take from CBRE
CBRE
Now & Then: Understanding CRE in 2023
29 minutes Posted Dec 19, 2023 at 1:23 am.
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2023 was a challenging year for commercial real estate, driven by sharply rising interest rates, economic uncertainty and continued slow progress on return-to-office plans. Join us as we look back at everything from market conditions to labor issues to office amenities to emerging technologies and more.


Insights to Share:

 

·     The commercial real estate market in 2023 was challenged by sharply rising interest rates, but fundamentals largely held up, aside from the office sector.

·     Technological advancements, particularly artificial intelligence (AI), played an increased role, especially in Data Centers but elsewhere as well.

·     U.S. seaports made strides in solving pandemic-era bottlenecks and other challenges.