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The 2023 CRE Outlook: CEOs Weigh In
November 21, 2022
The commercial real estate industry is bracing for a year of dramatic and unpredictable change. Economic uncertainty, global events and policy shifts could influence every sector. During a CPEVoices webinar moderated by CPE Editorial Director Suzann Silverman on Nov. 17, five CEOs from leading investment, finance and advisory firms made the case for cautious optimism as well as for making adjustments in the face of retrenchment.
Nearly all participants welcomed recent signs of slowing inflation, though it remains at a 40-year high, even in the face of repeated interest rate hikes. Of note was how this affects the dealmaking landscape. Marcus & Millichap President & CEO Hessam Nadji welcomed the cooling trend as a “step in the right direction.” Still, Nadji voiced his concern about the possible lag effects, particularly regarding the recent interest rate hikes. “How much damage have they done that is not visible yet?” he asked.
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Nearly all participants welcomed recent signs of slowing inflation, though it remains at a 40-year high, even in the face of repeated interest rate hikes. Of note was how this affects the dealmaking landscape. Marcus & Millichap President & CEO Hessam Nadji welcomed the cooling trend as a “step in the right direction.” Still, Nadji voiced his concern about the possible lag effects, particularly regarding the recent interest rate hikes. “How much damage have they done that is not visible yet?” he asked.
