Pricing Plummets: Decoding the Dynamics Behind Commercial Real Estate Values in 2023
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Description
In 2023, commercial property sales volume took a nosedive, plummeting by a staggering 51% to $374.1 billion, as reported by MSCI Real Capital Analytics in their 2023 Capital Trends report. The conditions, as described by the report's authors, bore an eerie resemblance to the darkest days of the Global Financial Crisis.
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