SURVEY: Ready For 2023? Bisnow Wants To Know How CRE Will Fare After A Tumultuous Year
It’s the end of the year as we know it: Do you feel fine?
In 2022, commercial real estate faced a multitude of pandemic aftershocks — topsy-turvy consumer and workplace habits, numerous interest rate hikes that have dragged property values down 13% this year alone and the agony of the highest inflation in 40 years. The cherry on top of the year could be the divisive U.S. midterm elections, which have surprisingly galvanized real estate around an as-of-late uncommon feeling: hope.
So, can 2023 be better or will things get even worse?
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