Halfway through the year, multifamily, retail and industrial remain strong in the higher-for-longer interest rate environment.
The commercial real estate outlook for the second half of 2024 is largely positive—multifamily continues to perform, as do industrial and retail. But challenges could lie ahead. The higher interest rate environment appears to be here to stay, and office vacancies continue to climb.
“On the income side, drivers like rents and vacancies will likely be flat to stable for most property types, with the exception of office,” said Victor Calanog, Global Head of Research and Strategy, Real Estate Private Markets at Manulife Investment Management. “On the pricing side, it’s going to be a landmark year when it comes to price discovery. We’re forecasting transaction activity, loan originations and CMBS issuance to rise by 25% to 30%, relative to 2023 lows.”
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.
