In late October, the United States Federal Reserve decided to no longer continue its quantitative easing program that backed mortgage-based securities and U.S. government bond purchases. CBRE research noted that history shows that this should only have a moderate effect on interest rates when it comes to long term investments in commercial real estate.
Around the same time the U.S. Federal Reserve announced the cease of the quantitative easing program, CBRE stock closed at just $2 away from its 52-week high in this past summer at $33.77. Foreign gains have been made as well with the CRE company JLL, increasing its revenue in Europe, the Middle East and African sectors from $265.7 million to $298.2 million. Robert Sulentic, with CBRE Group, stated that even if interest rates get higher, factors such as rising occupancy rates will keep the commercial real estate market strong.