CRE Tech Investments Can Withstand Potential Recession

The real estate landscape is continuing to evolve at a rapid pace, and while global economic volatility is raising a degree of uncertainty on the nearer term global and U.S. economies, 2020 seems primed to be yet another good year for the industry. Overall, the economic outlook for the U.S. CRE market is moderately positive for the year ahead. According to our 2020 Commercial Real Estate Outlook, two-thirds of CRE executives with a predominant office property portfolio expect growth in rental rates and one-third anticipate a decline in vacancy levels. And while interest rate uncertainty, geographic market, and tenant concentration risks remain top challenges for executives, a solid 73 percent expect increases in transaction activity.