The commercial real estate sector got a boost Thursday when CBRE Group Inc. reported strong fourth-quarter earnings and suggested the worst was over for the downtrodden market for office leasing.
Shares of the world’s largest commercial real estate stock jumped to the highest level in almost two years, while all but one of the 31 members in the S&P 500 Real Estate Index closed the day in the green. Smaller peers including Cushman & Wakefield Plc and Jones Lang LaSalle Inc. both gained more than 8%.
