Here's What the World's Largest Commercial Real Estate Firm Anticipates In 2023 and Beyond
It's been a tale of two sectors in the stock market over the last several months. Tech stocks have boomed while financial and bank stocks have struggled. The failures of SVB Financial's Silicon Valley Bank, Signature Bank, and, more recently, First Republic Bank have led to a pullback in lending as banks tighten their belts and shore up their balance sheets.
One area drawing concern from investors is commercial real estate (CRE). CBRE Group (NYSE: CBRE), one of the world's largest commercial real estate companies, discussed this during its earnings call in April. In that call, it revealed the causes behind the slowdown in commercial real estate, along with its expectations for the next year and beyond. Here's what it anticipates, along with potential investment opportunities and areas to avoid for now.
CBRE Group runs the world's largest commercial real estate services and investment firm. Its business involves property sales, mortgage origination and servicing, property management, and other services for investors and occupants.
Source Fool.com
