Reimagining Real Estate 2024

Global commercial real estate investment volumes FIGURE 4 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024-100%-50%50%100%150%Following a sharp rise in interest rates, global commercial real estate investment volume fell beginning in 2022 through 2023. The market subsequently stabilized and as short-term interest rates ease and investors’ bid-ask spreads narrow, the market is poised for a period of recovery and growth. Buyers seeking to deploy capital, both for performing and distressed assets, are foundational to a rebound in investment volumes. Year-on-year volume change in quarterly transaction volume 0% Source: MSCI. 13 Reimagining Real Estate: A Framework for the Future