Low transaction volume means a redirection of resources toward asset management
The US Economy is not yet in recession, but the commercial real estate (CRE) transaction economy is. We are seeing deal volume down by 50% compared to a very busy back half of 2021. A recent Deloitte survey of commercial real estate CFOs shows mixed outlooks for 2023, with about half expecting lower revenues than in 2022. Among our clients, who represent a broad spectrum of real estate stakeholders, we’re seeing a few common threads: tighter dealmaking practices, and a redirection of resources towards asset management.
In this GlobeSt. article, Joe Derhake discusses how CRE sellers and facility managers should approach the transaction slowdown in 2023.
