Moderate recession will slow leasing and investment, but opportunities are emerging
DALLAS — CBRE foresees a moderate recession in 2023 that will bring declines in real estate investment and leasing activity, though inflation will recede by year end, and well-capitalized investors still will be able to make deals, according to the company’s 2023 U.S. Real Estate Outlook.
CBRE anticipates recession-related trends in 2023, such as declining home prices and retail sales as well as rising unemployment. Even so, the recession will likely be moderate, given that corporate balance sheets are relatively strong, household debt is relatively low, and inflation is expected to ease.