1/10/2024

 

The year 2023 was interesting in the commercial real estate sector.  Despite the higher interest rate, although the total number of building sales has declined, with the limited number of inventory, the prices have held steady.  For 2024, the prediction is that the industrial sector may soften as the post-pandemic effects dissipate.  The larger class B and C office spaces may face difficulties as flex work schedules remain prevalent - although many companies are trying to bring their employees back into the office.  Medical and smaller general office spaces, predominantly leased by local businesses, should fare much better than larger office space blocks.  Retail should continue to do well for those landlords focusing on e-commerce-resistant businesses where the consumers need to visit the physical space.  

 

BEN CHOI

Commercial Brokerage

Coldwell Banker Commercial Metro Brokers

678.320.4800 Office

770.241.5658 Mobile