
Markets in Focus :: Real Estate Q2 2024
May 7, 2024
The real estate market faces challenges amid uncertainty surrounding interest rates. Despite this, industrial real estate is poised for robust performance in 2024, bolstered by sustained e-commerce growth.¹
Meanwhile, multifamily sectors may witness rent growth due to high occupancy rates and a limited supply of new units. Property management is anticipated to experience growth, supporting the broader commercial industry. As investors continue to view real estate as a favorable investment, demand for property management services rises.
Property owners increasingly rely on managers, consultants, and asset managers to enhance profitability.² Service consolidation aims to diversify revenue streams while technological advancements drive efficiency gains in property management. With mortgage rates remaining high, homeownership remains challenging, prompting stability in rental markets.
Learn more in the latest Real Estate Markets in Focus.
Resources and References
- U.S. Department of Commerce. (2024, February 20). Quarterly Retail
E-Commerce Sales 4th Quarter 2023. https://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf - Govdysh, A. (2023, November). Commercial Real Estate in the US. IBISWorld.
https://my.ibisworld.com/us/en/industry-specialized/od4070/performance
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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