We have never believed in that cliff mentality where all of a sudden, overnight we're going to see the commercial real estate markets implode. The reason is because fundamentals are relatively good across commercial real estate notwithstanding office. - Julie Whelan
Many are indicating to us that they're actually interested now in investing in what could be generational deals. And along with that sentiment, there is a lot of dry powder that is looking to be invested. - Julie Whelan
Between fundamentals, people now interested in office and the capital out there to be invested, lead us to believe that although there will be pain for certain parties in this equation, overall at a national level, we should work this out over time in as least painful a way as possible. - Julie Whelan
Nope. No Commercial Real Estate cliff on the horizon according to Julie's and team's analysis.
There is the bifurcation, and the pain will be unevenly distributed toward the assets that can't make today's standard, but overall, a positive shift in sentiment, which as Julie said, is a first since the pandemic.
Just a small sample of the insight Julie shared as we worked through the latest findings of the
CBRE 2024 America’s Office Occupier Sentiment Survey: Driving Strategic Change
(you can read it yourself here https://www.cbre.com/insights/reports/2024-americas-office-occupier-sentiment-survey)
Full Length Conversation
Julie Whelan v3: Sentiment Shift, Location, Vibrancy | Work 20XX podcast with Jeff Frick
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- Spotify -
- Transcript and Show Notes - https://www.work20xx.com/episode/julie-whelan-v3-sentiment-shift-location-vibrancy-work-20xx-ep31
- or wherever you podcast
#RealEstate #MarketResilience #CommercialRealEstate #InvestmentPotential #Capital #OfficeSpace #Bifurcation #Office #CRE #Digital #Distributed #Hybrid #RealEstate #CBRE #GenerationalDeals #DryPowder #MarketFundamentals #SustainableRecovery #Interview #Podcast #Work20XX
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