Ep 65: The Biggest Headwinds in the U.S. Commercial Real Estate Industry Today with Mark Stapp
With supply dropping, demand on the rise, and interest rates as a constraining factor, it seems inevitable that the commercial real estate market will continue to experience price growth over the next few years. For today’s episode, Mark Stapp will walk us through tons of topics about the commercial industry sectors.
Mark has continued to focus on the real estate industry while also acquiring assets which he was able to grow up until now. We are all excited to share with you his strategies and prerequisites when investing for an asset and his insights about multifamily and supply and demand imbalance. Tune now for our latest episode!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Mark’s transition from being in the real estate field into teaching in the academia
What are the biggest headwinds that the U.S. Commercial Real Estate Industry is facing right now?
The biggest shifts the pandemic has caused in terms of economy, community development, and commercial development.
Mark addressed the big issues: effects of affordability in the housing market on the commercial marketplace, inflation, supply chain, and pre-pandemic tariffs and trade-related issues.
Affordable housing for all employment classes and people — a necessary asset of a community.
Mark Porter’s idea of shared value and how does it make the place where the assets exist within a better place
Mark talks about why developers do not see “Build, Build, Build” as a solution to supply and demand constraints of multifamily.
Mark’s insights about how far will federal fund rates go to tackle inflation
Different headwinds on office, retail, and hospitality.
Gen Z’s different view of what their life should be and why does it stir uncertainty in the office market.
Why is real estate symptomatic?
Mark’s list of potential bets in different asset classes.
Why understanding the values of Generation Z is important to see how the use of Real Estate will change in the next 10 years?
Tweetables:
“If I'm buying asset today, I'm gonna look at the series of scenarios that include.” – Mark Stapp
“You have to support those that you depend on and share that value.” – Mark Stapp
“The best land is always consumed first. So the further you get into a cycle, the more time you have to put into finding the right properties to purchase.” – Mark Stapp
“I think you've gotta look at the values of the gen Z population to understand how the need in use of real estate is gonna change in the next 10 years. Because they will increasingly become the dominant force in the marketplace.” – Mark Stapp
Links Mentioned:
Real Estate Investor MBA Website
The Ecosystem of Shared Value by Mark Porter
About Mark Stapp
Dr. Mark Stapp is an expert in real estate, community development, and business management who has been part of numerous development and business enterprise projects for more than 40 years now. He was named Fred E. Taylor Professor Real Estate at Arizona State University's W. P. Carey School of Business. In there, he was branded with various titles like being the one-year Master of Real Estate Development program’s executive director, Faculty Director of the Undergraduate Minor in Real Estate, University Realty’s Senior Development Executive, and the Director Real Estate Center for Theory and Practice.
Alongside all these, he has been part of wider leadership positions which include being a managing member of Pyramid Community Developers, President of Cahava Springs Development Corp., President of U.S. operations for Naef International Management, chairman of Taliesin Associated Architects, Inc., and more. He also founded First City Homes, and is a member of International Council of Shopping Centers’ North American Research Task Force, board of REIAC Arizona Chapter and Local Initiative Support Corporation in Phoenix (LISC), and a Distinguished Fellow of the National Association of Industrial and Office Properties (NAIOP).
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