Altus Group released its Q4 2024 CRE Industry Conditions & Sentiment Survey, highlighting insights from 390 commercial real estate professionals in the U.S. and Canada. Key findings indicate that 69% of U.S. respondents and 63% of Canadian respondents view the operating environment as “somewhat challenging.” A significant 90% of U.S. participants plan to transact in the next six months, up from 79% last year, while 77% of Canadians also intend to transact. Concerns about capital costs remain paramount, although optimism is growing due to lower interest rates and improving pricing perceptions, especially in multifamily and industrial asset classes.