The commercial real estate market continues to experience volatility as US office values are 25% below their 2022 peak. However, SteelWave Co-Founder, Chairman and CEO Barry DiRaimondo believes this bear market could be a great investment opportunity.
If you're sitting on the buyer side of the equation, you're probably looking at the opportunity as being generational in nature.Well, you've got, you've got two sides of the equation, you got the capital market side which drives values and then you got supply and demand, which drives leasing and they're both a mess can at the moment.You know, they've got all their legacy issues and their existing portfolio.
Now, historically, that never is what happens certainly in the tech sectors, you know, our markets are all driven by tech, the markets that were in west coast markets, you know, all the big tech users, whether it's creative tech, whether it's traditional tech, defense, tech life science, you know, go down the list, they're home to, to all the big companies here.So it happens much quicker than most people predict.Well, it's interesting to me that you talk about the tech space.
So while there are some tech companies that have embraced the work from home environment, there's other ones that are clearly moving back to the, the more traditional with a little bit of a hybrid piece of the equation. Bill Belichick caught half-naked on doorbell cam outside 24-year-old former cheerleader’s home: reportTrump’s Favorite Judge Puts Mar-a-Lago Prosecutor on Trial