The Federal Reserve has indicated a good chance of three quarter-point drops by year’s end. But markets have taken a bit of good news and stretched it out beyond what might be realistic. That could be bad news in the end.
A period of record growth was fueled by inbound migration, strong consumer spending and record low interest rates — all of which drove billions of dollars invested in the development of millions of square feet of commercial real estate. Much of this was brought on by the pandemic. Now, the pandemic has subsided and the South Florida CRE market has come to a moment of reckoning. Or has it? CLICK ON THE HEADLINE FOR MORE