CRE Q2 survey shows office sector expected to be the worst performer

TORONTO — The Q2 2024 CRE Industry Conditions and Sentiment Survey, a quarterly survey that collects insights on current market conditions and future expectations, was released recently by Altus Group Limited.

The latest survey draws on feedback from 560 seasoned CRE professionals representing over 97 firms in the U.S. and Canada from March to April.: Most respondents describe the near-term operating environment as “somewhat challenging,” reflecting a slight improvement over the previous quarter. While a near-term recession is not anticipated, the next expected economic downturn is predicted to be shallow and short-lived.

“CRE expectations appear to be stabilizing, despite several challenges remaining in the near-term outlook,” said Omar Eltorai, director of research at Altus Group, in a statement. “As CRE values continue to adjust to what survey participants perceive as ‘fairly priced’ and transaction appetite remains high, it seems we may be nearing the bottom of the recent market downturn.”Top 10 major upcoming Northeast and Southeast construction projects – U.S.

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