Tredway: Commercial Real Estate Remains Bullish Despite Rate Hike

JPMorgan's Global Head of Real Estate, Chad Tredway, remains optimistic about commercial real estate despite the latest rate hike by the Federal Reserve. He notes that higher interest rates raise the cost of capital and can impact transaction volumes in the short term.

However, Tredway argues that the broader economy remains supportive, with expected GDP growth of 2.3% and unemployment above 4%. Strong consumer spending is also a positive indicator, according to Chase data.