The mantra “Survive till ‘25” encapsulated the struggles of 2024 in commercial real estate, as interest rates, construction costs, and economic uncertainty claimed projects and businesses alike. High-profile losses included the collapse of co-living firm Common Living, Equity Commonwealth’s liquidation, and stalled projects like Tyler Perry’s $800M Atlanta studio. Even the SEC’s new headquarters plan unraveled.

Other setbacks, like retail chain closures and failed mergers, underscore the volatile environment. Discover the full list of 20 challenges that reshaped CRE’s landscape.