Increasing replacement cost and limited overbuilding, yet there are high financing costs, says Warren Wachsberger. He discusses the outlook for commercial real estate in 2023. he notes that increasing wages and low unemployment are a potential recession risk. He talks about what higher borrowing costs mean for commercial real estate. He goes over how investors need to think about an environment with 6 to 7% interest rates. Finally, he mentions that people are expecting more out of their office spaces. Tune in to find out more about the stock market today.