CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax · Altus Group

Early CRE vibes for 2025: Moderate growth and cautious optimism?

·34 min·3 clips

Cole Perry and Omar El-Tarai from Altus Group reveal early 2025 commercial real estate vibes and key themes from the CREFC conference.

This episode of CRE Exchange analyzes early 2025 trends and sentiment in the U.S. commercial real estate market. Host Cole Perry, associate director of research at Altus Group, is joined by Omar El-Tarai, the firm's U.S. director of research. They share insights drawn from recent data releases and industry events to outline expectations for the year ahead. The discussion begins with an analysis of the Federal Reserve's January Beige Book, released on January 15th. The report captured emerging optimism about 2025 among business contacts. However, those same contacts expressed policy-related concerns that tempered their expectations for the business environment. The hosts then plan to examine recent activity in capital markets. They also intend to outline key themes for 2025 identified at the recent CREFC conference in Miami. A notable insight is the cautious optimism, where positive sentiment is directly balanced by specific worries. The hosts highlight how macroeconomic policy, rather than just market fundamentals, is a primary concern for industry professionals. The conversation suggests the path for 2025 is seen as one of moderate growth, not a dramatic boom. The tone is analytical and educational, grounded in data and professional commentary. The style is a conversational exchange between two research-focused industry insiders. This episode is ideal for commercial real estate investors, analysts, and professionals seeking a data-informed market outlook. Listeners looking for speculative hype or simplistic predictions might find it too measured.

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