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How CRE brokerages are responding to i-sales slowdown
1 month ago | By The Real Deal New York
Budget managers at big commercial brokerages have traded in their kitchen scissors for industrial chainsaws. What was a delicate approach to cutting costs in the first half of the year became much more aggressive this fall as surging interest rates curbed property sales, slicing into brokerages' revenues and throwing off their expectations for end-of-year marks. Nationwide commercial real estate investment plummeted 24 percent in the third quarter compared to the same period last year, according
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