JP Morgan Chase’s analysis suggests that commercial real estate has remained resilient in the first half of 2023, with many categories able to withstand recessionary and other headwinds. The multifamily and industrial sectors are performing well, while neighborhood retail may have been underestimated. The affordable housing supply remains a focus for developers and policymakers. The performance of the office sector continues to be impacted by remote and hybrid work, with B- and C-class office buildings facing challenges, especially those located outside prime locations.
