Commercial real estate outlook

The outbreak of COVID-19 has caused an unprecedented dislocation in economic activity. We assess the current economic reality, the state of the CRE market as it entered this crisis, and what we’re watching as we progress through it.

Strong labor markets, solid consumption growth and low interest rates continue to support the commercial real estate market.

Lower interest rates provided a tailwind for commercial real estate markets in Q3, and particularly for CRE debt markets.

Solid fundamentals supporting the CRE market are driving price growth – but at a slower pace than in years past.