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Altus Group: CRE Execs Plan More Transactions in 2024 




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A majority of the nearly 500 senior commercial real estate professionals surveyed by Altus Group Limited intend to transact over the next six months, following an extended period of muted transaction activity. Altus Group’s Q4 2023 CRE Industry Conditions & Sentiment Survey found that transaction intentions varied by firm size. 

Other high-level themes of the survey, conducted among U.S. and Canadian CRE professionals at more than 100 firms, include the following: 

  • The cost of capital is expected to stabilize, though availability of capital remains challenged in the near term amid expectations of a shallow recessionary macro backdrop and a challenging operating environment. 
     
  • Ranked expectations for property performance over the next 12 months show industrial and multifamily as the most favored types. Target returns, measured by gross IRR, remain in the low-double-digit range (11.9% in the U.S., 11.6% in Canada), but vary significantly by property type. 
     
  • Financing, cost of capital and cost concerns top the list of priorities for the next year, although regulatory and political risk emerge as higher priority items, particularly in the U.S. 

Inside The Story

Altus Group

About Paul Bubny


Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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