
Market Update: Commercial Real Estate is Predicted to Hold Up
According to CoStar news and the chief economist of a prominent real estate trade group, commercial property demand will continue to thrive despite rising interest rates, inflation and other challenges affecting today’s economy. Retail is turning positive, and hospitality is beginning to recover from the pandemic. The Industrial and Multi-Family sectors continue to see growth. All rents are beginning to rise across every sector, and commercial real estate is overall, holding up.