Key CRE Sectors Remain Overvalued
Altus Group published a Q3 2024 survey about the CRE market. Perception across Office, Land/Development and Single-Family Residential is that prices are too high.
The Office segment is in a quandary. Tenants want new buildings. In addition, many companies continue to operate a WFH model, which means vacancy rates will remain elevated. It will take a decade or longer to unwind the Office segment mess, unless of course a $ trillion bailout of the CRE Office sector is coming next year.
