Commercial real estate deal activity to shrink in 2023 as recession looms – CBRE

Biserka Stojanovic/iStock via Getty Images

CBRE (NYSE:CBRE) expects commercial real estate deal activity in 2023 to shrink 15% Y/Y, weighed by rising interest rates, a looming recession and less credit availability.

Some market participants expect a mild recession, a view echoedits earnings call