64 min listen
179: A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham
FromOn The Market
ratings:
Length:
49 minutes
Released:
Jan 15, 2024
Format:
Podcast episode
Description
Right now, many multifamily operators are scared. They’ve got debt due, higher vacancy rates than ever, and banks that could be coming for them at any second. And although a “soft landing” in the economy could help keep most multifamily operators from being foreclosed on—not everyone is safe. If you’re looking to invest in multifamily this year, there could be some big buying opportunities.
To walk us through the state of the multifamily and commercial real estate market is CBRE’s Richard Barkham. Richard leads a team of six hundred research experts, all digging into the most up-to-date real estate data around. Today, Richard touches on the commercial real estate space, why prices AREN’T crashing, the sectors that will continue to struggle in 2024, and why the industry as a whole has remained so resilient, especially when no one expected it to be.
We’ll also get into cap rate forecasts and how high they could get so prices finally come back down to earth. But that’s not all; Richard gives a rare take on why so many struggling multifamily investments DIDN’T get foreclosed on, whether or not the oversupply of multifamily could make trouble for residential buyers, and what will happen when the “wave” of multifamily construction hits.
In This Episode We Cover
A 2024 commercial real estate update and whether or not a price crash is still on the table
Rising vacancy rates and the commercial sectors that could get hit the hardest
Cap rate expansion and whether or not we’ll see price cuts this year
Why Richard sees 2024 as a “year of opportunity” for multifamily investors
States with the most multifamily construction that could see price cuts spill over into residential
“Distressed” multifamily investors and why we WON’T see a wave of foreclosures
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-179
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
To walk us through the state of the multifamily and commercial real estate market is CBRE’s Richard Barkham. Richard leads a team of six hundred research experts, all digging into the most up-to-date real estate data around. Today, Richard touches on the commercial real estate space, why prices AREN’T crashing, the sectors that will continue to struggle in 2024, and why the industry as a whole has remained so resilient, especially when no one expected it to be.
We’ll also get into cap rate forecasts and how high they could get so prices finally come back down to earth. But that’s not all; Richard gives a rare take on why so many struggling multifamily investments DIDN’T get foreclosed on, whether or not the oversupply of multifamily could make trouble for residential buyers, and what will happen when the “wave” of multifamily construction hits.
In This Episode We Cover
A 2024 commercial real estate update and whether or not a price crash is still on the table
Rising vacancy rates and the commercial sectors that could get hit the hardest
Cap rate expansion and whether or not we’ll see price cuts this year
Why Richard sees 2024 as a “year of opportunity” for multifamily investors
States with the most multifamily construction that could see price cuts spill over into residential
“Distressed” multifamily investors and why we WON’T see a wave of foreclosures
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-179
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 15, 2024
Format:
Podcast episode
Titles in the series (100)
10: How to Prepare for a Recession (and Profit!) in 2022: One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to. For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real e by On The Market