If 2022 was the year a genuine downturn finally came to commercial real estate after a bull run of more than a decade, then what of 2023? To be the bearer of bad news, CRE in '23 is likely to bring subdued liquidity, price falls and not a small amount of distress, as increased debt costs continue biting and economic growth slows around the world. But — and it’s still only a small but — it could also be the year interest rates peak and investors gain enough confidence to start making new investments in a sector that has shown resilience compared to the last major financial downturn, cementing its place in the hearts of institutions across the world. 
“We’re seeing price adjustments, but we’re not going to rush in to invest during a volatile period in the market,” Ivanhoé Cambridge head of Europe and Asia-Pacific Karim Habra told Bisnow. “We have strong convictions on markets supported by structural trends. So with that respect, we are a long-term investor…  Read the full story here. | 
