2024 Mid-year u.s. economic outlook
update

On July 25th, Berkadia proudly hosted its Beyond Insights 2024 Mid-Year U.S. Economic Update Webinar. CEO Justin Wheeler and SVP – Securities Trading Josh Bodin are joined by Dr. Komal S. Sri-Kumar, President of Sri-Kumar Global Strategies, who offered perspective into the current economic landscape and the anticipated impact on commercial real estate in the second half of the year. 

Key Takeaways:

• Markets not experiencing a lot of new supply are experiencing higher rent growth whereas many of the Sunbelt markets are facing higher levels of supply which is putting pressure on rents.
• We are still witnessing record levels of new supply with over 1 million new units under construction and a significant portion slated for delivery in 2024.
• There is no shortage of equity or buyers. For many investors, apartments remain a preferred asset class and would like to put money to work.