Market Forecast refers to the process of predicting the future conditions and trends of a market over a specific period. This typically involves analyzing various factors such as economic indicators, historical data, consumer behavior, market trends, and external influences like political events or technological advancements. Market forecasts are used by businesses, investors, and policymakers to make informed decisions regarding investments, resource allocation, and strategy development. Forecasts can vary in their scope and methodology, ranging from qualitative assessments to quantitative models, and may cover various aspects of the market, including demand, pricing, competition, and overall economic performance.
The year 2024 is anticipated to be a tumultuous one for the commercial real estate industry. Professionals in this field have coined the phrase "Survive to '25" as a reminder…