From Fortune:

The commercial real estate market struggled in 2023 with record high office vacancies at 18% and a shortage of multifamily properties. The National Association of Realtors warns that inflation and mortgage rates will continue to impact the sector in 2024. Office spaces are expected to continue facing strain due to companies further downsizing. The multifamily housing sector is also predicted to undergo a price correction this year. However, the retail sector is expected to emerge as a stalwart in 2024 due to unchanging vacancy rates and moderately positive rent growth for neighborhood and community shopping centers.



Read more: Commercial real estate outlook ‘muted’ in 2024 with offices feeling ‘the most strain’: Moody’s economist