CBRE Global Chief Economist Richard Barkham and Cycle Monitor’s Glenn Mueller share insights on what to expect across real estate sectors in the second half of 2024.
Insights to Share:
· Real estate is a delayed mirror of the economy, says acclaimed forecaster Glenn Mueller.
· Amid an anticipated long, slow recovery, specialized asset types like self storage and data centers are seeing increased demand.
· Demand for real estate is tied closely to employment growth.
· Consumer spending has been resilient, but is showing signs of slowing, and corporate balance sheets remain strong.
The Weekly Take from CBRE