March 6, 2025
It’s striking to realize that we are already entering the 36th month of a generally declining real estate market, which began with the Federal Reserve’s first rate hike on March 16, 2022. The last three years have created market headwinds with broad impacts in capital markets, including declining transaction volume and negative rent growth. For those who have been in the industry though a few cycles know that downturns inevitably become upturns in real estate.