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ARTICLE · 25 JANUARY 2023

What's Next For Commercial Real Estate In 2023?

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As we look ahead to 2023 with COVID-19 hopefully in the rearview mirror for the most part, we are seeing a number of predictions as to what is in store for 2023 and beyond.

CanadaReal Estate and Construction

As we look ahead to 2023 with COVID-19 hopefully in the rearview mirror for the most part, we are seeing a number of predictions as to what is in store for 2023 and beyond. Rising interest rates, changing tenant demands and a cooling of the industrial market are just some of the factors that will play into how 2023 shakes out for commercial real estate. In short, while there are considerable pressures impacting the commercial real estate market as this article is written, the outlook for 2023 by most experts is generally positive with expected lessening of pressures into mid-to-late 2023.

Rising interest rates and high inflation

There has been some trepidation in the market in recent months in terms of the increases to interest rates in quick succession in the latter half of 2022. Underwriting criteria have become more strict, and lenders and investors alike have become more cautious. It is unclear how long the rise in interest rates will impact the market,

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