The commercial real estate scene is changing as we head into the last quarter of 2024, thanks to the Federal Reserve’s recent interest rate cuts. On Sept. 18, the Fed lowered the federal funds rate by half a percentage point to 4.75% to 5.0%. This move is timely, with about $1 trillion in commercial real estate debt due in 2025, including nearly 8% tied to struggling office spaces. The office market is dealing with high vacancy rates, which hit 13.8% in the second quarter of 2024. Despite these hurdles, REITs have been surprisingly resilient, outperforming other sectors since early June when r…