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A cloudy economic outlook for 2024: K.C. Conway

In the final instalment of The Industrial Real Estate Show for 2023, host Chad Griffiths is joined by internationally acclaimed economist K.C. Conway to look ahead to 2024 for the economy and the commercial real estate market.

Here's what they discussed:

  • 0:00 - Introduction;
  • 0:28 - how has the real estate market held up so well?
  • 5:15 - why did The Fed change its mind so quickly?
  • 9:30 - what happens with interest rates in 2024;
  • 18:04 - the commercial real estate market in 2024;
  • 23:45 - deal volume next year;
  • 31:02 - what's driving industrial real estate demand?
  • 37:16 - ocean port markets vs. inland port markets;
  • 41:01 - the development market;
  • 45:45 - the importance of electricity for site selection;
  • 50:19 - Black Swan events in industrial real estate;
  • 56:16 - lightning round!

Conway has 35 years of commercial real estate experience – about 30 in private industry as well as five years within the Federal Reserve system from 2005-2010.

He holds a variety of industry certifications and designations, including MIA, Counselor of Real Estate (CRE) and CCIM. Conway has been an Independent Director at Monmouth MREIC, an industrial REIT which specialized in logistics, headquartered in Holmdel, N.J.

He is a speaker on a wide range of commercial real estate topics from appraisal and bank regulation to ports and securitization, and has been an instructor to bank regulatory entities, academic, professional organizations and industry associations.


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