Recession fears have loomed large for commercial real estate all year, and on July 28, the industry was dealt another blow: The U.S. logged two straight quarters of declining gross domestic product.
Some might call that a technical recession, but many economists disagree and point to other fundamentals, like job growth, that seemingly indicate economic strength. Either way, tensions are running high in real estate, and a broader downturn could be on the horizon.
Is a recession imminent, or is it already here? When will it hit, and how long will it likely last? How bad will it get? Which