May 16, 2023
Looking Ahead: 2024 Commercial Real Estate Forecast
The issues impacting commercial building owners and facilities management professionals during the past year will continue into 2024. This includes weather-related disasters, crime—both on-site and virtually—labor issues, and interest rates, to name a few. The result: tighter profit margins and increased insurance—as well as other business-related costs. Contending with office space and retail vacancies will also persist, while the market for more warehouses and housing will continue to trend up. Managing these risks in a proactive manner can help organizations ride through 2024 ahead of the game. Here’s how.