JLL – Global Real Estate Perspective, May 2024

The global real estate perspective in May 2024 shows a mixed market sentiment, particularly with uncertainty around U.S. interest rate policy. Risks are elevated due to factors such as interest rates, geopolitics, and recessionary risks in some markets. Pricing dynamics are stabilizing in the U.S. and UK, with investors becoming more active as confidence in pricing levels grows. Debt market conditions are improving, with evidence of spread compression and increased CMBS issuance. Lender confidence remains varied, with alternative lenders gaining market share from banks. The stability of rates and sustained investor confidence will be crucial for further market improvements and increased transaction volumes in the coming year.