Jason welcomes Joshua Simon, founder of Simon Commercial Real Estate, as they discuss the state of commercial real estate. Josh highlights the strength of retail, especially in open-air strip centers and grocery-anchored spaces. Simon emphasized the retail renaissance, citing low vacancy rates and increased demand. Industrial properties faced challenges due to overbuilding, particularly in larger formats. Simon recommended investing in debt instruments or high-yielding retail assets, focusing on quick-service restaurants with strong operators and understanding lease structures. He also noted the value in acquiring vacant spaces from struggling tenants due to the scarcity of real estate.
0:38 Some numbers in the different asset classes in CRE in Arizona 3:46 How CRE has turned around nicely 6:43 Changing strategies to reduce overhead 8:55 Segmenting the retail market 11:26 Shopping Malls and the issues owners face 14:26 Industrial RE 15:22 Recommendations for mom and pop investors 20:08 Opportunities with credit tenant leases 22:23 Forecasting the Multifamily market 25:34 Keep an eye on operating costs especially insurance
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