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Episode #470
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*Commercial real estate prices have fallen 20%-50% from their peaks* just a few years ago—but the slide may not be over yet. *A “second wave” of the commercial real estate crash* is on the horizon now that interest rates are back around 7.5%, and struggling multifamily, office, and commercial investors who thought a long-term refinance would save them are now in a stickier spot.
So… *how much lower can commercial real estate prices go?*
He was right about past crashes, so we asked *Brian Burke* to join us again on the show for his take. Brian, quite famously by now, *sold most of his multifamily portfolio at the peak* of the post-COVID boom, took profits, and sat on the beach for a few years while strategizing when (and how) to get back into the market.
But even *Brian isn’t convinced this is the bottom* for the multifamily market—rent concessions are plentiful, lease trade-outs are negative (new renters are paying less than previous renters), and cap rates haven’t expanded enough. But *the time to strike could be coming soon.*
Today, *Brian shares the game plan* he uses to gauge *when to get back into a bottoming-out market,* and what buyers must do to get a great deal, great funding, and a great exit.
Episode Show Notes:
https://lnk.to/onthemarketYT
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Commercial Real Estate Is Quietly Setting Up for a Decade-Long Bull Run:
https://www.biggerpockets.com/blog/on-the-market-440?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Brian:
BiggerPockets: https://www.biggerpockets.com/users/cirrusav8or?utm_source=youtube&utm_medium=description&utm_campaign=none
Praxis Capital: https://praxcap.com/
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Henry Washington: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
James Dainard: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Kathy Fettke: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none
Did you miss our previous article...
https://trendinginrealestate.com/commercial-real-estate/stop-applying-for-loans-offer-opportunities-shorts
