January 4, 2024

In CBRE’s 2024 Real Estate Outlook, new opportunities are predicted that can prove beneficial to both consumers and companies. New buying opportunities are projected to materialize thanks to lowering property values and higher numbers of vacancies. CBRE’s economists anticipate that resilient consumer spending will counter economic headwinds next year including high interest rates and near recessions in Europe and China. CBRE predicts the U.S. unemployment rate rising slightly to 4.5% and an easing of inflation that will allow the Federal Reserve to reduce short-term interest rates to around 4.25% by the end of 2024 and to 3.5% in 2025. More