As 2024 approaches, these are the issues facing the CRE

As 2023 enters its final days, what are commercial real estate’s top issues? In early October, The Counselors of Real Estate, an international consortium of commercial property professionals, released their annual report, identifying the industry’s top issues. It’s worth reading for an in-depth look at what the industry will face in the coming months and years. Below are some of the report’s highlights (with some market updates included) and additional material on how the Southern California markets are being affected.

Let’s look at the list (from the bottom up).

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Green light for CRE projects to stay on in 2024

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Hudson Pacific, Macerich Close $700M Sale to U. of California