CBRE 'Optimism' Sparks Rally in Embattled Commercial Real Estate.

CBRE Group Inc.'s strong fourth-quarter earnings report initially boosted the commercial real estate sector, but the positive outlook was short-lived. The STOXX Europe 600 Real Estate index quickly turned negative after rising more than 2% on Thursday. CBRE expressed cautious optimism that the worst is over for office leasing, particularly for Class-A properties. However, concerns about inflation and interest rates continue to weigh on the industry. While some experts believe inflation and rates will trend lower, there is a risk of default rates on property-backed debt if they do not. [Extracted from the article]