“If we have a series of rate cuts over the next three to six months, that will likely start to show up in lower construction [loan] rates and greater availability of equity investment toward the end of this year and into next year,” said John Sullivan, chair of the U.S. real estate practice at DLA Piper, a London-based law firm. “As rates come down, borrowing costs will also come down for many projects and there will be more real estate investment and construction activity.”

“If we have a series of rate cuts over the next three to six months, that will likely start to show up in lower construction [loan] rates and greater availability of equity investment toward the end of this year and into next year,” said John Sullivan, chair of the U.S. real estate practice at DLA Piper, a London-based law firm. “As rates come down, borrowing costs will also come down for many projects and there will be more real estate investment and construction activity.”

“Increased demand in the coming years in the multifamily and light industrial [sectors] will only add to an already stretched demand for workforce,” said Johnson. “Therefore, it will be important to keep an eye on quality of labor as well as cost of labor.”