Real Estate
CBRE ‘Optimism’ Sparks Rally in Embattled Commercial Real Estate
- Optimism from CBRE report gives way to new inflation worries
- Europe’s real estate subindex erases gains and turns negative
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The shaft of light for the downtrodden commercial real estate sector provided by a strong fourth-quarter earnings report from CBRE Group Inc. is proving to be short lived.
Hotter-than-expected US producer prices data for January out Friday highlighted the sticky nature of inflation. And with rate-cut expectations having already been pushed back following the strong consumer prices report earlier in the week, the outlook for the property industry remains unsettled.