Commercial real estate investment inquiries have improved to their strongest level since early 2022 in the first quarter of the year, despite growing concerns about the impact of the tariffs imposed by the Trump administration, according to the latest Global Commercial Property Monitor released by the Royal Institution of Chartered Surveyors in London.

The same survey found that credit conditions are improving to some degree, though the pace has slowed down. Tariffs are clearly dominating the business news, and the related uncertainty has been reflected in a sharp pullback across the financial markets, although these have settled down a little bit following the 90-day pause that was announced.

CPE's Laura Calugar and RICS Senior Economist Tarrant Parsons discuss the latest data on CRE sentiment in this podcast episode.