Own Commercial Real Estate Stocks? Here's When You Can Expect the Industry to Recover.
Commercial real estate companies have had a tough time over the past couple of years. Since the Federal Reserve began aggressively hiking interest rates, the industry has grappled with high refinancing costs that have sent shock waves across the economy.
Since last year, experts have predicted that a rebound in commercial real estate is just around the corner. Earlier this year, CBRE Group (NYSE: CBRE), the world's largest commercial real estate company, said it expected a rebound in the industry by the end of 2023. Those predictions continue to evolve, getting pushed further out into the future.
If you have investments in commercial real estate through the various real estate investment trusts (REITs) out there, here's when you could expect a rebound.
Source Fool.com
