Under Pressure
February 20, 2023
Publication| Real Estate Services
In an increasingly complex geopolitical and economic climate, commercial real estate professionals will need to bring creativity and flexibility to transactions to adapt to ever-shifting market conditions. The headlines are pessimistic: the war in Ukraine is entering its second year, the United States has hit the debt ceiling and Goldman Sachs has laid off 3,000 staff members. These developments have occurred against a backdrop of continued concerns over consumer inflation and interest rates, painting an overall gloomy outlook for commercial real estate (CRE) dealmaking in 2023. The uncertainty of today’s climate, however, can be turned into tomorrow’s opportunities. So while there is ample room for glumness in this market, real estate dealmaking opportunists will adapt and use creativity to execute transactions in 2023. But what will this adaptability and creativity look like?