On April 4-15, the CRE Finance Council took its quarterly Board of Governors Sentiment Index Survey, finding mixed optimism levels about the impact of mortgage and cap rates on commercial real estate. While 31% of respondents expected these rates would have a positive impact on the industry, 37% predicted a negative one.

Victor Gutierrez, Ten-X’s Vice President of Platform Operations, joined other leaders in CRE in conversation with GlobeSt. with his insights. Gutierrez cited Ten-X’s Q1 auction results as a potential indicator of market optimism.

“We have seen several buyers jump off the sidelines and actively participate in our auctions since the Fed announced the pausing of rate hikes in December,” said Gutierrez. “Ten-X believes CRE transaction activity will continue at elevated levels in 2024 compared to last year.”

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