Real estate investors, bracing for market slowdown, prepare to seize on potential distress - Jacksonville Business Journal

Sherman said, since the pandemic, he's been looking to buy office properties, a sector where he hasn't seen many active buyers, given the questions over remote and hybrid work's long-term impact.

South Florida is somewhat of an anomaly, as companies continue to relocate there, Sherman said, fueling demand for office space. But in other places, the outlook is cloudier.The level and depth of distress in any property type is impossible to ascertain. But most market observers aren't predicting a repeat of the global financial crisis fallout for commercial real estate in the late 2000s.

, CEO of Bethesda, Maryland-based real estate consulting company RCLCO LLC, said in the past month or two, it's become a more commonly held view there will be distress. For example, in the multifamily market, which has been on fire during the pandemic, deals that closed at high values and low capitalization rates won't necessarily see distress but are pricing so differently now than they did less than a year ago. It's become more difficult to refinance or get construction financing, Ducker added, which may present opportunities.

But Thomas said he remains bullish on suburban office's future — given demographic shifts to the suburbs and an increasing unwillingness to commute long distances multiple days a week — and is looking for opportunities.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Real estate investors, bracing for market slowdown, prepare to seize on potential distress - Dallas Business JournalA lot of capital was raised in 2020 in anticipation of a wave of distress, which mostly didn't materialize. But recession threats and rapidly raising interest rates have increased the potential for distress.
Herkunft: DallasBizNews - 🏆 525. / 51 Weiterlesen »

Launch Real Estate puts celebrity photographer's Paradise Valley home on market - Phoenix Business JournalPaul Mobley, who has photographed celebrities from Amy Schumer to Zack Brown, said he would be willing to sell the furniture along with the home, but he's keeping the artwork that fills the house. Find out more about the Valley's luxury market and take a look inside this artistic home.
Herkunft: phxbizjournal - 🏆 254. / 63 Weiterlesen »

Florida transplants from California affect rental market - Jacksonville Business JournalThe average adjusted gross income for incoming residents from out of state in many cases is much higher than that of local residents.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

Florida transplants from California affect rental market - Jacksonville Business JournalThe average adjusted gross income for incoming residents from out of state in many cases is much higher than that of local residents.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

See images of the annual Florida-Georgia game in Jacksonville - Jacksonville Business JournalHere's a gallery of photos from Georgia's victory over the Gators at TIAA Bank Field.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »