Gauging commercial real estate conditions and sentiment in Q2 2024

Our hosts, Cole Perry, Senior Market Analyst at Altus Group, and U.S. Director of Research, Omar Eltorai, share a brief analysis of the latest CRE Industry Conditions and Sentiment Survey. With over 600 respondents from the U.S. and Canada, this episode looks at the biggest shifts between the first and second quarters of 2024, including surprising trends in de-risking, cost of capital, and market expectations. Cole and Omar also discuss capital availability, property type performance, and the evolving role of artificial intelligence in commercial real estate.Key moments:01:06 - About the Commercial Real Estate Industry Conditions and Sentiment Survey02:09 - Primary focus for CRE firms over the next six months03:17 - Reported cost of debt financing in CRE05:31 - Expectations for capital availability in the next 12 months07:43 - Expectations for target returns by fund strategy10:16 - Property type performance and expectations around property sectors12:36 - Pricing perceptions for different property types16:11 - Transaction intentions over the next six months17:08 - Top priority issues CRE professionals are worried about19:16 - Omar’s biggest takeaway - industry participants aligning with higher for longer20:36 - Cole’s biggest takeaway - participants are still really worried about the cost of capital21:46 - Cole’s biggest surprise - perception of artificial intelligence23:48 - Omar’s biggest surprise - intention to transact vs. actual transaction activity25:05 - How to access this quarter’s survey results Resources mentioned:US Q2 2024 Commercial Real Estate Conditions and Sentiment Survey -https://www.altusgroup.com/featured-insights/us-cre-industry-conditions-and-sentiment-survey/Canada Q2 2024 Commercial Real Estate Conditions and Sentiment Survey -CRE Industry Conditions & Sentiment Survey - Canada | Altus Group Featured InsightsThanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property