Commercial Real Estate: Localized Contractions, Not a Crash
By Kukun's VP of Analytics Franklin Carroll, Elite client engagement tools and proptech
(Kukun, Inc.)
I wrote the following at the end of last year, but I think my analysis is still holding up. Please feel free to let me know what you think. Elon Musk and others have been presaging doom within commercial real estate, though oddly enough this pessimism is not shared by the majority of experts surveyed recently by Deloitte in their 2024 Commercial Real Estate Outlook Survey. That said, there are reasons to be bearish though these negative signs do not suggest any crisis is imminent. The voices that proclaim one is looming are simply not looking closely at the facts; rather, they are reflexively reacting to how unusual the current real estate market is: In a lot of people’s minds, strange equals scary.The commercial real estate alarmists are pointing to some real economic factors that do s...
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