As interest rates continue to climb and predictions about an impending recession grow stronger, commercial real estate leaders are developing plans to withstand the economic downturn. The good news is economists, building owners and real estate analysts are predicting a shallow recession and a soft landing. Are We Heading Toward a Recession—and Is Commercial Real Estate Ready?, the fourth in our 2022 series of BOMA Deep Dives, highlights how we got to this point and key steps that can limit the potential recession’s impact on 2023 budgets, lease changes and capital planning.
