2023 CRE Global Economic Forecast with Spencer Levy Members gathered at TA Realty in February for a group viewing of CREW Network’s Webinar with Spencer Levy, a Global Client Strategist and Senior Economic Advisor at CBRE. Levy provided an in-depth look at the key economic issues that are driving the global economy and gave his predictions for the commercial real estate market in the coming months. Some good news from Levy: He expects that Federal interest levels will “drop like a stone” by Q4 2023 or Q1 2024 after plateauing for several months. In the office sector, the flock to quality and related struggles of the Class B asset class could provide a potential opportunity to lessen the nationwide housing shortage through conversion to residential.