In this episode, we explore the current state of commercial real estate with insights from Hessam Nadji, CEO of Marcus and Millichap, who believes the worst damage has already been done and recovery is on the horizon. We also discuss the potential transformation of office spaces into housing amid rising distress in the sector, as well as the promising niche of secondaries that could save commercial real estate. Additionally, we analyze the impact of Boeing's layoffs on the broader economy and the CRE market. Join us for a comprehensive look at the evolving landscape of commercial real estate.Sources:https://finance.yahoo.com/news/marcus-millichap-ceo-believes-worst-230036054.html/https://www.businessinsider.com/commercial-real-estate-office-outlook-fire-sales-apartment-conversions-housing-2024-10https://www.alternativeswatch.com/2024/10/14/secondaries-poised-to-save-commercial-real-estate-goodwin-john-ferguson/https://finance.yahoo.com/video/commercial-real-estate-boeing-layoffs-222840959.htmlOutline:(00:00:00) Introduction(00:00:45) Marcus and Millichap CEO Believes The Worst Damage "Has Already Been Done" To Commercial Real Estate And Upside Is Returning(00:03:21) America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply(00:06:06) Goodwin: Secondaries poised to save commercial real estate(00:08:09) Commercial real estate, Boeing layoffs: Asking for a Trend