What a great article... The Good The CRE market has not crashed and thrown the economy into the Great Recession II as many pundits have predicted There has not been a wave of defaulted CRE loans that would take the commercial banking sector under as many have predicted The retail sector has done very well with little new construction and increased consumer demand The data center sector is booming with huge demand, tight supplies, and rents up 10%-20% The apartment and industrial sectors are doing fine even though rents in some of the "hot" markets are down 5%-10% New construction in all sectors except data centers, has slowed which will improve demand in late 2024 and 2025 Total defaults and foreclosures of CRE have been less than 2% of total loans which is manageable and not a threat to the $17 trillion CRE industry Job growth has been stable which is the key demographic for the CRE industry Prices have fallen and cap rates expanded for many properties, which will increase deal activity in the next few years There is over $150 billion of private real estate capital ready to be deployed in the next few years New development of all property types except data centers has been curtailed which will be positive for future demand and rent increases The Sunbelt markets especially Arizona, Nevada, Texas, Florida, and Tennessee are seeing high demand for CRE and record in-migration of residents and businesses Distressed investing will lead to outsized returns for investors in the next few years The CRE software and data analytics sectors are still seeing solid demand for their products and services https://lnkd.in/eNbYgFRE