As we enter 2023, leading industry experts predict a ‘new normal’ for Real Estate markets after all the pandemic-fueled market distortion. Leaders from across the real estate sector—including investors, fund managers, developers, property companies, lenders, brokers, advisors and consultants—were interviewed for the ULI and PwC report. Currently, the economy is being defined by rising interest rates and uncertainty over future market conditions. However, most of the real estate professionals interviewed for this report are cautiously optimistic about the longer-term prospects for the industry. What should the industry expect to be the best opportunities in the coming year?