Though CREFC's June 26–July 11 Board of Governors Sentiment Index indicated growing caution in the US economic outlook, many CRE professionals are feeling a heightened sense of optimism on the impact of mortgage and cap rates, with Q2 reporting a 41% positive outlook compared with Q1's 31%.

Victor Gutierrez, Ten-X's Vice President of Platform Operations, joined Commercial Property Executive to share his outlook for the second half of 2024, citing the Fed's recent announcement of imminent rate cuts in September and December as an indicator of a positive shift.

"A decrease in rates will lower borrowing costs and increase property values, which in turn should help to drive more demand and ease some stress in the market," said Gutierrez.

See more insights in the full article on Commercial Property Executive.