--- title: "What's Trending in Real Estate, December 2023" url: https://burnaze.com/article/f6394052-2004-4727-b346-68d7438a125a source: "Franchising.com" original_url: https://www.franchising.com/articles/whats_trending_in_real_estate_december_2023.html author: "Eddy Goldberg" category: "Real estate" industry: "Business Services" segment: "Real estate" published: 2023-12-21T08:00:00.000Z modified: 2026-10-31T20:00:24.386Z image: https://imgs.franchising.com/art/articles/8202_plate.jpg --- # What's Trending in Real Estate, December 2023 **TL;DR:** Commercial real estate faces a $480 billion value drop in 2024, following a $590 billion loss in 2023. The office market is expected to worsen in 2024, with a delinquency rate topping 6%. *By Eddy Goldberg, originally published in Franchising.com on 2023-12-21. [Read the original](https://www.franchising.com/articles/whats_trending_in_real_estate_december_2023.html).* ## Key facts - CRE values to plummet by $480 billion - Office delinquency rate tops 6% - 52% of companies require office presence 1-4 days a week ## Story It’s been a rough-and-tumble year for commercial real estate. Here are some items looking back at 2023, ahead to 2024, and at what’s happening right now. Investor Appetite for Retail Real Estate Is Heating Up Again The Office Market Had It Hard in 2023. Next Year Looks Worse. Net Lease Outlook: What to Expect in 2024 ## Market Outlook 2024 2024 Forecast: CRE Values To Plummet by $480 Billion Following 2023’s $590 Billion Loss Trepp: CMBS Delinquency Rate Dips in November, But Office Delinquency Rate Tops 6% Hybrid Work Shift Leaves Office Buildings Empty with Few Easy Options How Calgary Is Converting Empty Office Buildings into Housing WeWork: What Does Its Fall Indicate About the Co-working Business Model? ## Office Space Trends Report: 52% of Companies Requiring Employees in the Office 1 to 4 Days a Week “Coffee Badging”: When Employees Check in at the Office, Then Go Home To Work Despite Tough Times, Commercial Property Pros Find Reasons To Be Thankful Financial Stability Oversight Council Says CRE Is a Big Financial Risk ## Economic Uncertainty Small Business Optimism Plummets Amid Growing Economic Uncertainty Some Optimistic Capital Market Predictions for 2024 - Get Started in Franchising - Franchise Rankings & Awards - Franchise Sales & Development - Featured Franchise Stories Franchising.com is produced by Franchise Update Media. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. No media company understands the franchise landscape deeper than Franchise Update Media. 1201 New York Avenue NW, Suite 300A Washington, DC 20005 PH. (408) 402-5681 - Franchisee Financing & Lending - Site Selection & Real Estate - Supply Chain & Procurement - Annual Franchise Development Report - Multi-Unit Franchising Conference - Franchise Growth & Marketing Conference - Franchise Leadership & Development Conference - Multi-Unit Franchisee Magazine - Franchise Update Magazine - Franchise Update Franchisor Report - Franchising Express Report - International Franchise Report - Multi-Unit Franchisee Report The multi-unit franchise opportunities listed above are not related to or endorsed by Multi-Unit Franchisee or Franchise Update Media Group. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. No statement in this site is to be construed as a recommendation. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. ## Entities - Franchising.com (publication) - Business Services (sector) - Eddy Goldberg (person) - commercial real estate (topic) - WeWork (company) - Financial Stability Oversight Council (regulator) - office market (topic) - cre values (topic) - delinquency rate (topic) --- Originally reported by Eddy Goldberg, Franchising.com (https://www.franchising.com/articles/whats_trending_in_real_estate_december_2023.html). Summarized by Burnaze (https://burnaze.com/article/f6394052-2004-4727-b346-68d7438a125a).