Our signature quarterly commercial real estate market report, REcap, helps real estate owners, developers, investors and professionals understand how the market is performing and current trends to assist in planning for the future.
The much-anticipated Fed rate cut finally happened in September with the board surprising some with a 50-basis point reduction. On the heels of this announcement, the major stock market indices have trended upwards and the latest job numbers were surprisingly strong with the unemployment rate reversing recent trends and decreasing.
Each report is designed to provide readers with a recap of the quarter as it relates to notable transaction activity, data and analytics in key real estate sectors across the United States, including but not limited to multifamily housing, office, retail, industrial and capital markets.
There are a number of indicators that impact how owners, developers and investors assess what's happening in the real estate market. Our report compiles multiple data points to help readers stay up to date on what's currently going on.Todd Carpenter, Managing Principal of Development & Community Advisory
With key economic indicators appearing to be favorable, commercial real estate transaction activity remains stagnant. This may be driven by a reluctance to strike deals when it appears more probable than in recent memory that the interest rate environment will be improving sooner rather than later.
"This report outlines transactional activity including all real estate classes and gives our readers the information they need to go out and do what they do best: invest in real estate."Mike Kamienski, National Real Estate Practice Leader
This Q&A was published as part of PitchBook's H2 2023 Global Real Estate Report sponsored by Baker Tilly.
