Xander Snyder, Senior Commercial Real Estate Economist at First America, comes on the podcast to discuss economic trends impacting real estate investment.
Investments like real estate and other private markets can generally weather difficult market conditions better than their more liquid counterparts and, over the long run, have historically provided higher returns and lower volatility.
Higher rates have ramped up the pressure on commercial landlords, causing extensions to become costlier. Debt service costs for the San Francisco properties have increased 38% since the loan’s origination, according to a February report on the debt compiled by Bloomberg.
Yelp analyzed three years of internal data on its own workforce, which is fully remote. It found the share of workers living near its office locations plunged between 2019 and 2022, with its headquarters in San Francisco seeing the most dramatic drop (down 70%), followed by New York, Washington, DC, and Chicago (each down 67%).
IPE Real Assets looks at how climate change is impacting the value of commercial real estate properties. New York multifamily developers are starting to consider building condos instead of rentals, according to Crain’s New York Business. These are among today’s must reads from around the commercial real estate industry.
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