Labor signals softening: market outlook improves, but office misses the memo

On this week’s episode of the CRE Exchange podcast, Cole Perry, Senior Market Analyst at Altus Group, and Omar Eltorai, Director of Research at Altus Group, review the latest slew of policy rates, economic indicators and market data points impacting the US commercial real estate industry.

Key Takeaways:

[00:53] Market signals supporting a “softer landing” narrative for the economy.

[06:10] Limitations on market optimism within the real estate sector.

[08:34] Office lease rollover: the potential implications for some of the largest US office markets.

[11:27] Upcoming policy rate decisions from the Reserve Bank of Australia and the Bank of Canada and what they may mean to global central bank monetary policies.

[12:15] Top economic indicators to watch this week.

Resources mentioned:

Cole Perry -

https://www.linkedin.com/in/coleperry1/

Omar Eltorai -

https://www.linkedin.com/in/omareltorai/

Altus Group -

https://www.linkedin.com/company/altus-group/

Reserve Bank of Australia -

https://www.rba.gov.au/

Bank of Canada -

https://www.bankofcanada.ca/

Federal Reserve’s Beige Book -

https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm

Near-term rollover risk endangers major office markets -

https://www.altusgroup.com/insights/near-term-rollover-risk-endangers-major-office-markets/

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#CRE #CommercialRealEstate #Property