If you sell commercial real estate and liked 2018? You’ll probably enjoy this year, too. That’s because the odds are high that commercial real estate will remain strong in 2019, according to some of the biggest names in the industry.
The speakers on the State of the Market panel at the 17th annual Commercial Real Estate Forecast all agreed: This year will pose challenges to commercial real estate professionals, but it should also be a strong 12 months, a year similar in many ways to 2018.
And 2018? That was a pretty great year for commercial real estate.
“We had a good year even with multiple interest-rate increases,” said Kenneth Szady, executive director in the Chicago office of Marcus & Millichap. “Multifamily and industrial were the real darlings of the industry. And that seems to be holding steady.”