The DLA Piper 2023 Mid-Year Real Estate Trends Report

Our 2023 Mid-Year Real Estate Trends Report validates many of the findings of our State of the Market survey, released in June. Lingering inflation, rising interest rates, and maturing loans have made commercial real estate investors and lenders cautious – translating into a significant reduction in transaction volume and a reduction in value for many asset classes.

That said, the experts polled for our State of the Market Survey predicted opportunities in certain asset classes, and at DLA Piper we are already seeing the most activity in the purchase and sale of multi-family housing, the senior housing component of which is on the rise, as well as in industrial properties. In addition to acquisitions and dispositions, we continue to see steady activity in leasing, land use and permitting, and joint ventures.

Contrary to what you may hear, there are even loans closing, including some for-office properties. Active markets for our clients this year so far include Florida, Washington, DC, and Boston.

At present, we have surveyed more than 675 purchase and sale agreements, and we recently added more than 200 property management agreements to our analysis, which also includes new data on financing contingencies and property manager liability limits.

Here are some of the key trends we are finding now.

For more information, please contact:

John Sullivan

Rich Klawiter

Barbara Trachtenberg

Kerry E. Johnson