CRE key themes 2024 – A year of transition
To access the 2025 version of the CRE key themes report, please click here.
After a difficult 2023, we think five key themes will shape the outlook for commercial real estate next year:
- Global growth will be sluggish, but rate cuts offer an upside for CRE.
- 2024 will be a year of transition for CRE values.
- Opportunities will start to emerge but mostly in the industrial sector.
- REITs will outperform the private market again.
- New supply across all sectors and regions will be slow.

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