
The pandemic's effect on the commercial real estate industry and subsequent upheaval has contributed to a seismic shift in how buildings will be used, valued, bought and sold in 2023. And relative uncertainty surrounding the possibility of a global recession could further impact an already volatile industry.
Two new reports, one from consulting company Deloitte and another from the annual Allen Matkins View From the Top, paint an uncertain future for commercial real estate (CRE) owners and investors heading into 2023.