RICS Monitor: CRE Outlook Turns Slightly More Positive

Commercial real estate sentiment across the globe is gradually recovering, according the most recent Global Commercial Property Monitor survey released by the Royal Institution of Royal Surveyors in London. Senior Economist Tarrant Parsons told Commercial Property Executive Senior Editor Laura Calugar that the first quarter of 2024 was the second successive quarter in which RICS’ indexes turned less negative. "Global economic growth is expected to remain relatively sluggish, but if all goes to plan, it should lay the groundwork for a more meaningful acceleration in 2025," said Parsons toward the end of this podcast episode. Tune in now for the entire conversation!