Third quarter 2023
Commercial Real Estate Market Report
Transaction activity remained extremely depressed in the fourth quarter of 2023, while most sectors saw some fundamental deterioration and valuations decreased broadly.
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Baker Tilly's Commercial Real Estate Market Report
Our quarterly Commercial Real Estate Market Reports were created to help real estate owners, developers, investors and professionals understand how the market is performing and current trends to assist in planning for the future.
Each report is designed to provide readers with a recap of the quarter as it relates to notable transaction activity, data and analytics in key real estate sectors across the United States, including but not limited to multifamily housing, office, retail, industrial and capital markets.
"There are a number of indicators that impact how owners, developers and investors assess what's happening in the real estate market. Our report compiles multiple data points to help readers stay up to date on what's currently going on."Todd Carpenter, National Real Estate Advisory Leader
Article
Significant rising loan maturities in the commercial real estate industry require proactive measures
Statistics paint a rather stark picture of the levels of maturing debt for commercial real estate properties over the next few years. Some of the best advice for property owners, especially those with loan maturities that are further out, is to engage with lenders as soon as possible and treat them as your partner.
"This report outlines transactional activity including all real estate classes and gives our readers the information they need to go out and do what they do best: invest in real estate."Mike Kamienski, National Real Estate Practice Leader
View past issues of the market report
Commercial Real Estate Market Report: Q1 2023
The first quarter of 2023 saw some commercial real estate trends stick around from the end of last year, with transaction activity slowing further and inflation showing signs of easing.
Commercial Real Estate Market Report: Q4 2022
2022 closed on a sour note for the commercial real estate industry, with some mildly encouraging macroeconomic news being more than offset by a lackluster transaction environment and a negative short-term outlook that was fueled by a challenging capital markets environment.
Commercial Real Estate Market Report: Q3 2022
Commercial real estate transaction activity delivered on the promise of decreased activity that we observed last quarter with transactions decreasing significantly across asset classes.
Commercial Real Estate Market Report: Q2 2022
The Q2 2022 Commercial Real Estate Market Report provides analysis, insight and outlook into the multifamily housing, office, retail, industrial and capital market sectors.
Commercial Real Estate Market Report: Q1 2022
The Q1 2022 Commercial Real Estate Market Report report provides analysis, insight and outlook into the multifamily housing, office, retail, industrial and capital market industries.
Commercial Real Estate Market Report: Q4 2021
Read the fourth quarter of 2021’s real estate market trends, transactions, analysis and outlook as you prepare for the year ahead.
Commercial Real Estate Market Report: Q3 2021
The third quarter of 2021 was prosperous for commercial real estate, finally surpassing 2019 activity levels with a notable increase in multifamily housing deals.
Commercial Real Estate Market Report: Q2 2021
Commercial real estate remained tempered in the second quarter of 2021 compared to 2019 levels.
Commercial Real Estate Market Report: Q1 2021
The start of 2021 had little commercial real estate activity compared to 2020. Nonetheless, there is hope for the rest of the year indicated by vaccinations and reopening.
Commercial Real Estate Market Report: Q4 2020
The last quarter of 2020 showed increasing confidence in businesses and investors, evidenced by surging activity and a stabilizing employment environment.
Commercial Real Estate Market Report: Q3 2020
A second quarter defined by crisis gave way to a third quarter characterized by uneasy recovery, directly related to the COVID-19 pandemic.
Commercial Real Estate Market Report: Q2 2020
Significant global and domestic issues have caused a halt to the commercial real estate market that was humming along in the first quarter of 2020. Read more in our inaugural commercial real estate market report.
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A look into the current commercial real estate climate
In this pivotal time of uncertainty in the commercial real estate market, our real estate professionals analyze the current state of the market and offer insight on strategies moving forward.
Commercial Real Estate Market Report contributors
- Brent Maier
- Kevin Secrist
- Nich Palkovic
- Mike Nitowski
Related sections
- Construction
- Manufacturing & Distribution
- Real Estate
- Retail
- Banking & Capital Markets
- Multifamily Housing
- Real Estate Investors
- Construction Risk Management
- Development Advisory
- EB-5 Immigrant Investor Program
- Incentives Advisory
- Manufacturing Project Development Office
- New Markets Tax Credits
- Opportunity Zones
- Project Finance
- Real Estate Services for Family Offices
- Real Estate Valuation Services
- Site Selection & Location Strategy
- Historic Tax Credits
