Ep 67: The Headwinds of Real Estate in Today’s Economy with Spencer Levy
As much as there are a variety of headwinds in the Real Estate in today’s economy, there are also tailwinds alongside it. CBRE’S Spencer Levy discusses with us why projecting demand is the most important thing for multifamily developers to not devalue their assets.
Tune in as our guest, Spencer, shares with us today his personally-picked metrics when it comes to choosing locations and investing. He also mentioned quick tips on ‘crystal ball properties’ and resources for more macroeconomic knowledge.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Spencer tells his story about why he ended up in CBRE, world’s largest real estate firm in the world, from being a banker and a lawyer.
The biggest headwinds that the U.S. Commercial Real Estate Industry currently faces in today’s economy.
Spencer shares his opinion on how fed handles inflation and what is their response to it
Does the current market rise has something to do with the market rise in 2008?
Is the supply and demand imbalance of housing considered to be an important metric?
Why should people focus on the submarkets today more than how they did in the past.
The effects of office retailer and industrial on the sub-sectors of the commercial estate from an operator standpoint.
Possibilities of multi-family softening the renter market.
More tailwinds in today’s economy.
Spencer’s ‘crystal ball properties’ that he thinks will continue to strive over the next years.
Demographics as Spencer’s primary metric when looking for locations.
Spencer enumerated relevant and substantial news outlets, media channels, and people to listen to in gaining additional macroeconomic perspectives.
Tweetables:
“They [fed] can't increase supplies, but they can decrease demand..” – Spencer Levy
“It's better to be in an environment with stable prices than one with runaway inflation.” – Spencer Levy
“Ask the right questions, asking the right questions will help you find the right answers more than just reading what everybody else reads.” – Spencer Levy
Links Mentioned:
The Weekly Take - Spencer Levy's Podcast
About Spencer Levy
Spencer Levy is the Global Client Strategist and Senior Economic Advisor for CBRE, the largest commercial real estate firm in the world. Spencer leads a team of Global Client Care professionals around the world who are responsible for account management and client experience programs globally. In addition to his client-facing role, Spencer serves as a primary company spokesperson and is considered one of the most insightful commentators on issues of importance to commercial real estate. He is frequently quoted in major business publications and is the host of CBRE’s podcast The Weekly Take, the most heavily downloaded podcast in commercial real estate.
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