Why 'commercial real estate could improve through 2024': JLL CEO

The Fed's interest rates — currently being held at a higher for longer position — are weighing heavily on the real estate market, particularly the commercial real estate sector. Global real estate provider Jones Lang LaSalle Inc. (JLL) reported mixed third-quarter earnings, displaying resiliency over this softening in demand for commercial real estate. JLL Global CEO Christian Ulbrich joins Yahoo Finance's Rachelle Akuffo to discuss the real estate firms earnings and its outlook on commercial real estate "We tend to focus very much on the high-end, kind of the grade A buildings in the large metropolitan areas," Ulbrich states. "On that end, I would say we are probably around trough, maybe a little bit more of vacancy, but not that much, and we see that market probably improving over the course of 2024." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Liv
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