NAR economist Lawrence Yun said that rising interest rates had pushed up borrowing costs and driven down property values, with offices the most “vulnerable.”
Yun said that commercial appraisal values were already starting to fall nationwide.
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Navigating the New Landscape of Commercial Lending: Trends and Insights Explore the latest trends in commercial lending, including sustainable lending practices, AI-driven processes, and blockchain technology, addressing the need for regulatory compliance and enhanced client relationships.
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Realtors Predict Modest Drop in Commercial Real Estate Prices
The National Association of Realtors (NAR) has announced its forecasting a “slight decline in prices” next year for the commercial real estate market. So reports Dow Jones Newswires.
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