Orest Mandzy, Managing Editor, Commercial Real Estate Direct
US Commercial Real Estate Market Update - March 23, 2023
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Orest Mandzy is managing editor at Commercial Real Estate Direct and tracks the industry through CMBS and other data provided by Trepp and in today's podcast, discusses the state of the US CRE market.
The outlook is not bright and Orest asks 'is this 1989 all over again?' by providing a series of charts that show the trends in property values and market liquidity that help predict where we are headed in 2023 and into 2024.
Investment sales are down 51%, prices are edging down, Barclays Bank, he reports, predict a 20% overall decline in multifamily values, the yield curve is inverted considerably more than it was in 2022, and lender volumes have collapsed to near zero across the board.
Listen in (or watch the video) to hear the latest news so you can plan accordingly as the current market turmoil plays out.
Listen To or Watch the Full Podcast Here
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