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20 things to look out for in Macon-Bibb in 2024 in Macon, Georgia.

Charleston private equity firm reaches $1 billion in assets

Hotel with rooftop lounge opens in downtown Charleston

Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession.

The 92-unit project is in review for 2 acres at northwest Merrill Road and Interstate 295.