Business
The Rapid Change of Commercial Real Estate
Robert Sulentic, CBRE CEO breaks downsigns of stress in commercial real estate and explains why office buildings occupancies are unlikely to return to pre-pandemic levels.
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@alicepdimarzio7735
December 15, 2023 at 9:41 pm
Office Building loans are primarily CMBS loans, not Bank loans held on their own books.
@parthy5386
December 15, 2023 at 9:41 pm
Kastle represents only 2% of office buildings.. metro usage statistics and new sublease additions are better statistics
@parthy5386
December 15, 2023 at 9:41 pm
States can relax rules to covert office to hotels or apartments
@johnpandolfino8663
December 15, 2023 at 9:41 pm
Thanks to the Chinese release of the COVID-19 bioweapon…..you still want to invest in China…..they want us dead
Go to any city in the US and you'll see nothing but closures……
@willfitz100
December 15, 2023 at 9:41 pm
Classic lying (((nose))). All CRE is screwed.
@Karlscarstuff
December 15, 2023 at 9:41 pm
Office space is going to shit here in Australia.
I worked in agency for the last year on a heavily focused office market and it’s dire.
There is a huge discrepancy between what buyers there are and the vendors. The correction is very much occurring and a long way from the bottom.
Also a huge sublease market on top of a very stagnant office market.
Check out JLL Q2 office report. Says it clearly.
@reblie_maps
December 15, 2023 at 9:41 pm
The increase in rent and real estate prices can be a real challenge, especially for the economically disadvantaged. Real estate software can play a role in improving affordability by streamlining property management, enabling better data analysis for informed decision-making, and potentially identifying opportunities for more affordable housing solutions. While it's not a silver bullet, it's a step towards addressing these issues and making the real estate market more accessible to everyone.
@ReVelopers
December 15, 2023 at 9:41 pm
I call bullshit
@RandalColling
December 15, 2023 at 9:41 pm
I want to buy some warehouse space here in Dallas but the prices are double new construction costs.
On commercial income property they want to sell at a 4.5% yield when your borrowing costs are 7.5%.
You have -3% return day one. The rent income doesnt come close to covering the interest. Zero deals at all.
Anything with a slightly higher yield is old, obsolete and full of asbestos.
@jwfcp
December 15, 2023 at 9:41 pm
People want houses, including the people in them. Hoping that working people default does not solve the problem that working people need homes.
@anthonylemkendorf3114
December 15, 2023 at 9:41 pm
Californians are abandoning commercial offices and retail space. My coastal town is probably 1/3 empty.
@sugarman08
December 15, 2023 at 9:41 pm
WINTER IS HERE AND I'M FROM THE NORTH😂😂😂
@vikasbamba1624
December 15, 2023 at 9:41 pm
RIP Commercial real estate.💐💐
@cremephoto
December 15, 2023 at 9:41 pm
the landscape of commercial WILL have to convert into housing- the Elites have signed off on this already- it's a lost decades folks
@JamesMEsler
December 15, 2023 at 9:41 pm
He’s trying to sell a mule as a horse
@Anthony-dj4nd
December 15, 2023 at 9:41 pm
Tell me lies, tell me sweet little lies!😂
@cliffbarber1642
December 15, 2023 at 9:41 pm
This was about as optimistic a view as you can imagine for this industry. Unfortunately he is looking through rose coloured glasses. There will be a massive correction in this industry. Between malls, retailers (people shopping online) and office workers (hybrid here to stay) there is a big crash coming. I’m sorry to give a sober analysis to guys like Robert in this interview.
@JenPurple2022
December 15, 2023 at 9:41 pm
He is absolutely right 😂
– Different asset classes
– A, B, C, D different building classes in office section
– Geographical differences
– Cyclical vs long run 80%; Tech office usage
– Financing, banks 1/2% assets in office buildings loans, 20% out of the 1/2% will be problematic
– Headlines sensational overstated
– Ultimately, the economy will determine the results
@sonnysjsu
December 15, 2023 at 9:41 pm
2 owners of famous hotels in SF walked away from their loan a few days ago.
@LifeWithRilla
December 15, 2023 at 9:41 pm
Old people are funny. We are not going to return to the office buddy
@geraldbrowne
December 15, 2023 at 9:41 pm
The guy is full of it! Office buildings won’t cash flow
@c00per69
December 15, 2023 at 9:41 pm
Robert obviously is a insider promoter and this video will not age well.
@dwylhq874
December 15, 2023 at 9:41 pm
Big tech firms are definitely not going to re-hire the number of people they let go of. 🙅
The tech landscape has shifted fundamentally. The work that was done by 100 people can now be done by 10 with help from LLMs. 🤖🦾Commercial real estate is on life support. 🏢🤒