Major REIT and institutional office owners share optimism for leasing activity through the end of 2024. Investment in commercial real estate is the lowest in four years. AI will drive demand in many key cities across the US. Restaurants continue to close or file for Chapter 11 bankruptcy as inflation continues to take a toll on the industry.   Tune in to this weekly look at commercial real estate. Please subscribe and like the podcast. We track commercial real estate so you can focus on...

Office Sector Woes Part Seven - The pressure mounts on office landlords and the break point is swiftly approaching as we enter Defcon 2. Expiring CMBS loans coupled with expiring leases leads to an increase of over 30% of CMBS loans hitting special servicing in offices experiencing low occupancy. Additionally, post-Labor Day stats prove that work-from-home is here to stay spelling more trouble for the office sector. Tune in to this special look at the challenges facing the office sector -...

In some much-needed good news for the office sector, large office users are staying put and renewing their office spaces. Vertex, Bank of America, Bloomberg, Fannie Mae and other large users recently extended their HQ spaces from 200,000 up to 1,000,000 square feet - all across the country. While positive absorption is not impacted by renewals, supply remained steady signaling a bottom to the work-from-home impact to occupancy. Is this the right time to find office deals for both office...

The U.S. Bureau of Labor Statistics recently reported that job growth was overinflated to the tune of 818,000 jobs over a 12-month period. How does this news the impact commercial real estate? Hint: mightily! Please tune in as we discuss the recent announcement and why the revised job creation report makes more sense of what people see and feel on the street. Please subscribe and give us a thumbs up. We track commercial real estate so you can focus on your business. Please click the link for...

The 2024 US Election season is upon us with only a few months until the November election. Which candidate is better for the commercial real estate industry? Former President Donald Trump or Vice President Kamala Harris? Tune in and find out what the experts think of the election and the impact to commercial real estate. Please consider subscribing and liking the show.   Follow us on YouTube at:  https://youtu.be/Rlhi5a2DtLQ?feature=shared We track commercial real estate so you can focus...

Commercial real estate has taken the blows of the pandemic, inflation, and work-from-home implementation but this week's articles show CRE is still standing strong. Cash is king as investment firms build up their dry powder and hunt for historic level deals such as a recent NYC office building that sold for a 97.5% discount. Today we discuss the optimism that is percolating in the commercial real estate sector signaling the bottom is around the corner. Tune in to this weekly look at...

Tom Brady's TEB Capital Management takes down office space in Miami's Bay Harbor Islands - makes sense since the GOAT owned the Miami Dolphins for twenty years and recently purchased property in Miami's exclusive Indian Creek Island. In today's podcast, we also discuss the state of office foreclosures and the health of the overall office market which some believe will create huge buying opportunities. Welcome to the Commercial Real Estate Talk Podcast - please subscribe and give us a thumbs...

The looming commercial real estate crisis gained national attention this week. Blackstone, Deutsche Bank, and Harvard Business all point to the staggering challenges facing the commercial real estate sector; especially the office sector. The challenges to commercial real estate include but are not limited to: rising interest rates, upside LTV ratios, increased equity positions, inflation, rising labor, rising insurance premiums, rising energy cost, less demand for office, lower occupancy,...

Rent Caps Part Two - President Biden recently announced a 5% cap on apartment rents, though there was some confusion as he struggled to read '5%' on the teleprompter, accidentally suggesting a $55 cap. This raises questions about the effectiveness of rent caps in addressing America's housing crisis. What implications will this have for future development? Do rent caps have a successful track record, such as in New York? It's worth pondering why, if the President views rent caps as a...

The negative effect of the pandemic and governmental responses to the pandemic is still trickling through the commercial real estate industry - especially the office sector. In today's podcast we consider recent reports on the smaller size of new office leases, CRE stagflation, and we discuss why foreign investment into US commercial real estate took a nosedive in the first quarter of 2024. Please subscribe to the channel and enjoy CRE #shorts - learn commercial real estate in under one...

What is the future for office space? What does it take to sign a lease in today's world? In today's podcast, we consider a recent interview of Ken Fisher, Partner of Fisher Investments and review the recent major office leased signed in New York City. While rents remain steady, office landlords must deal with rising operating cost, rising incentives and expiring debt. A perfect storm. Plus, a recent study by JLL showed 48% of office tenants plan to downsize when the lease expires.   We end...

Some reports have AI replacing 85 million American jobs in the near term.  What will this mean for the office sector already struggling to get past the pandemic induced downturn.  How about the CRE pending loan crisis - it's a perfect storm of less demand and higher operating cost for office landlords. We also consider a Reddit question pertaining to CAM.  Tune in to this weekly look at commercial real estate.  We track commercial real estate so you can focus on your business.  Please like...

Commercial Real Estate continues to dominate with the office sector receiving a few blows this past week. {PLEASE SUBSCRIBE] We discuss: Top five amenities office tenants desire Walmart to close their Dallas HQ  Lease expirations offer an ominous sign for office landlords  Troubled times for office REITS  We track commercial real estate so you can focus on your business. Commercial Real Estate Talk - formerly the Don't Sign the Lease Podcast - can now be found on YouTube:...

Elon Musk "allegedly" called work-from-home (WFH) "morally wrong" recently. Is it really? (PLEASE SUBSCRIBE) We dive deeply into this fading pandemic-induced phenomenon. If Work-From-Home ends, who will it impact the most? Did you know this week many retail brokers, tenants, and developers are together at the ICSC Convention in Las Vegas? We take a look at the current retail trends which may surprise you.  We end the podcast discussing the much-mentioned WeWork and consider if WeWork will...

>>  The Brickell Avenue Office Market led to a resurgence in the office sector in Miami and placed Miami atop the list of world-class cities. In Episode 122, we take a deep dive into the Brickell Avenue office trends and stats including:  Two major office towers hit the market for sale on Brickell priced over $500M Tier One Class A Office is over $144/SF with single-digit vacancies  New supply coming in four office towers on Brickell Avenue  Where will rates go over the next 5 years...

Now on Youtube Podcast!  Most of the major commercial real estate firms reported positive income for the first quarter 2024. We dive into what drove the positive gains for the CRE firms and discuss where the office market is heading. Featured in today's podcast is 830 Brickell Plaza, Miami's all new ultra luxury office tower and a one million square foot lease signed in NYC.  Please click and subscribe to the YouTube Podcast:  https://youtu.be/y7A6W5Lpirg  Please consider helping the show...

Do you have $500 million?  The Miami Office Market is on fire with new leases and office buildings hitting the market for sale.  Tune in as we look at a two potential record setting office projects in the Brickell Avenue market.   We also discuss the impact of the Feds interest policies to commercial real estate.   We track commercial real estate so you can focus on your business. For additional information on commercial real estate, please visit www.dontsignthelease.com. For commercial...

Non-Compete agreements are a staple in the CRE industry; but will the FTC's ruling outlaw them going forward?  Tune in as we discuss and define a non-compete agreement and look at the two ways this ruling could be interpreted.   We also look at the continued concerns in the office sector for landlords - while office tenants gain the upper hand. We track commercial real estate so you can focus on your business. For more information on commercial real estate, please...

The office sector continues to dominate the national news as the debt crisis has the potential to drag the U.S. economy into a recession over the rest of 2024.  Four major U.S. banks issued warnings recently of the problems with both current loan payments and maturing debt.  Tune in as we deconstruct the news and discuss what's next for the office sector. We track commercial real estate so you can focus on your business.  Please consider leaving a comment and giving us a thumbs up. Please...

The Office Sector continues to dominate the commercial real estate news - but it's not good news.  Continued diminished demand, higher than expected inflation, and a federal government office space bubble lie ahead for property owners.  In today's podcast, we discuss the impact of inflation to the business community and look at a few key deals and facts in the South Florida Office Community. We track commercial real estate so you can focus on your business.  Please subscribe and like the...

The office sector of commercial real estate faces several hurdles before a full recovery takes place.  Hurdle one:  work-from-home that is sticky and part of today's work culture.  Hurdle two:  A.I. is forecasted to grow in the workplace displacing jobs. Hurdle three:  the federal governement occupies very little of its leased office space, as low as 14% in some markets.  The federal government leases over 350M square feet.  When will the government give back office space to the private...

The office sector of commercial real estate continues to dominate the attention of the news, investors, property owners, tenants, and brokers - with good reason.  With 80% of companies offering flexible work schedules (such as work-from-home), coworking demand ramps up in demand as traditional office demand diminishes.  How will this impact the office sector long term?  What about maturing CMBS loans between now and 2026?  All involved in the office sector will need to buckle up for the next...

What is commercial real estate?  Is the office valid today or is the office an old-fashioned ideology that faded with bow ties and IBM blue suites? In a post-pandemic world, the need to understand commercial real estate has never been more important.  In today's podcast, get an inside seat to a speech Jorge delivered at a book launch event in 2017 at Books and Books in Coral Gables, Florida.   To purchase of copy of Jorge's book on commercial real estate, please visit...

Has the Miami office market, namely, the Brickell Avenue office market simmered down?  Today we discuss in detail a recent Wall Street Journal article aimed at Miami's hottest market, Brickell Avenue.  We'll look at the current conditions including the current Class A rate and occupancy, and walk through three new office development projects.   Available for our listeners is a full Brickell Avenue Office Report.  Send us a note at [email protected] today for your copy. We track...