2024 Activity
Commercial Observer
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
The year’s end draws nigh, and speculation understandably shifts to what might happen next year in commercial real estate. Some say dealmaking and financing activity will pick up dramatically. Others aren’t so confident. Also for today: Senior housing as an asset class is at an inflection point, according to new research.
These stories are part of our Daily Round Up, Click here to get it delivered straight to your inbox.
— Tom Acitelli, Deputy Editor
Into the Wild: Is 2024 the Year the Ice Breaks On Commercial Real Estate?
As 2023 draws to a close, business leaders across the commercial real estate landscape can only offer weary assessments on whether capital markets will recover from one of the most disruptive years in recent memory. “The markets today are very dynamic, and that’s probably the most diplomatic word I can use,” said Bill Fishel, executive vice chairman of Newmark. “There’s a scarcity of capital, there’s a scarcity of time, and there’s a scarcity of resources at the corporate and individual level.” Others offered a less diplomatic assessment.
Report: Senior Housing Rent Growth Hits 6% Amid Supply Challenges
Senior housing is experiencing a moment, and not a typically senior one. Low inventory and skyrocketing rents are great for property owners, but stalled construction starts and a lack of financing have complicated the underlying fundamentals for an asset class that is growing in importance as America’s senior population rapidly grows. In short, senior housing needs help to meet this moment. These are the conclusions from a new investor trends report by Cushman & Wakefield, which surveyed more than 90 industry leaders and compiled 3,000 property valuations on the state of senior housing.