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The Rapid Change of Commercial Real Estate

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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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23 Comments

23 Comments

  1. @alicepdimarzio7735

    December 15, 2023 at 9:41 pm

    Office Building loans are primarily CMBS loans, not Bank loans held on their own books.

  2. @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

  3. @parthy5386

    December 15, 2023 at 9:41 pm

    States can relax rules to covert office to hotels or apartments

  4. @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……

  5. @willfitz100

    December 15, 2023 at 9:41 pm

    Classic lying (((nose))). All CRE is screwed.

  6. @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.

  7. @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.

  8. @ReVelopers

    December 15, 2023 at 9:41 pm

    I call bullshit

  9. @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.

  10. @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.

  11. @anthonylemkendorf3114

    December 15, 2023 at 9:41 pm

    Californians are abandoning commercial offices and retail space. My coastal town is probably 1/3 empty.

  12. @sugarman08

    December 15, 2023 at 9:41 pm

    WINTER IS HERE AND I'M FROM THE NORTH😂😂😂

  13. @vikasbamba1624

    December 15, 2023 at 9:41 pm

    RIP Commercial real estate.💐💐

  14. @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

  15. @JamesMEsler

    December 15, 2023 at 9:41 pm

    He’s trying to sell a mule as a horse

  16. @Anthony-dj4nd

    December 15, 2023 at 9:41 pm

    Tell me lies, tell me sweet little lies!😂

  17. @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.

  18. @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

  19. @sonnysjsu

    December 15, 2023 at 9:41 pm

    2 owners of famous hotels in SF walked away from their loan a few days ago.

  20. @LifeWithRilla

    December 15, 2023 at 9:41 pm

    Old people are funny. We are not going to return to the office buddy

  21. @geraldbrowne

    December 15, 2023 at 9:41 pm

    The guy is full of it! Office buildings won’t cash flow

  22. @c00per69

    December 15, 2023 at 9:41 pm

    Robert obviously is a insider promoter and this video will not age well.

  23. @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. 🏢🤒

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