Even on a day that delivered positive inflation news, lenders and brokers were bracing for choppy waters ahead at Commercial Observer’s seventh annual Fall Financing CRE Forum in New York last week.
The event, held Nov. 10 at the St. Regis Hotel, kicked off just as data was released showing U.S inflation slowed in October to its smallest yearly increase (7.7 percent) since the start of 2022, giving some glimmer of hope to commercial real estate financiers that the Federal Reserve may soon curb its hawkish strategy of jumbo rate hikes — but sentiment in the room suggested plenty of pain ahead.