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CBRE’s 2023 US Investor Intentions Survey released on Thursday reveals “subdued sentiment” among commercial real estate investors – with nearly 60% expected to purchase less real estate this year and just 15% planning to buy more.

“Almost half of respondents expect to decrease purchasing by more than 10%,” researchers wrote. “Investors are also hesitant to sell assets as market pricing falls. Sixty per cent (60%) say they will either sell less or not sell at all, while only 27% expect to sell the same amount as last year.”

Sentiment among lenders has soured as well, the survey found. The survey found nearly 60% of respondents expect to decrease lending activity this year. However, just 10% plan to meaningfully reduce their allocation to real estate, while 67% said they will either maintain or increase capital availability for the sector.

 

“CBRE expects that the slowdown in investment and lending activity in the first half of the year will lower total investment volume in 2023 by approximately 15% from 2022,” the authors wrote. “However, as Federal Reserve policy and economic conditions become more predictable around midyear, we expect investment and lending activity to recover.”

Booking.com

When will inflation come down in 2023?

 

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