The commercial real estate market is recovering from pandemic-driven lows in office rentals. Marcus & Millichap CEO Hessam Nadji sits down with Catalysts Co-Hosts Seana Smith and Madison Mills to discuss the commercial real estate market, saying the sector is so much more than office space.
“The whole industry gets a very warped perception because of what’s happening with office buildings in so many ways,” Nadji says, explaining that while office rentals are weak, retail rentals are booming. “We refer to retail as the new apartments and offices and new retail. Because, as you know, over the last 20 years, retail real estate and brick-and-mortar retail have been under so much pressure because of e-commerce, and the industry has dealt with it. There’s been so much reimagination and renovation of retail space that has positioned that specialty to come back really strong.”
Learn more about Nadji’s thoughts on the commercial real estate market during Trump’s upcoming second term here.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Naomi Buchanan.
