What Is in Store for the Relative Sector Shares of U.S. Commercial Real Estate and Cap Rates in 2023?

Former Global Chief Economist for JPMorgan Chase & PH.D in Economics

Short-and long-term economic and non-economic forces will heavily impact them.

The commercial real estate (CRE) sector began slowly evolving over a decade ago in response to changes in consumer preferences favoring e-commerce over physical purchasing activity.  The office building space was also affected as many companies allowed workers to work from hom…