2023 midyear commercial real estate outlook

Economic uncertainty remains high for commercial real estate through the rest of 2023. There are plenty of big questions—including the interest rate environment and the future of office space. But there are also positives: Multifamily and industrial continue to perform well, and the industry may have underestimated the strength of neighborhood retail.

Keep an eye on these commercial real estate trends and opportunities.

Market disruptions and a rising interest rate environment have furthered economic uncertainty.

Key takeaways

• Multifamily, industrial and neighborhood retail continue to perform well. But B- and C-class office buildings may have an uphill battle.

• Commercial real estate owners and operators should look for opportunities to invest in proptech, including digital rent payment tools.