Episode #230

“Super cities” are seeing a massive comeback in demand—one that most investors thought was impossible. With workfromhome being scaled back by many major companies, returning to downtown is a nobrainer for highpaid employees. With more amenities than the suburbs, younger workers are being enticed back into the office. And who’s winning with all this boomeranging demand? You guessed it—office investors. We brought CBRE’s Richard Barkham back to give us the latest update on how cities and office investors are faring.

Office investing has been heavily criticized over the past few years as vacancies exploded and tenant turnover became increasingly common. Office space was an easy target as remote work became the new norm. However, trends change, and Richard sees a massive investing opportunity in certain office space sectors. But which cities are worth investing in and around? What type of office investments are faring the best? And will we continue to see downtown demand rebound?

We’ll get into it all in this episode of “On the Market.” Plus, stick around to hear Richard’s predictions on interest rate cuts, whether or not we’ll achieve a “soft landing,” and what investors must be looking at NOW to make significant gains over the next few years.

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Hear Our Past Episodes with Richard:
On the Market 141 The “Doom Loop” That Could Crash Commercial Real Estate:
https://www.biggerpockets.com/blog/on...
On the Market 179 A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham:
https://www.biggerpockets.com/blog/on...
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Read CBRE’s Latest Reports:
Analysis of US Prime Office Buildings: https://www.cbre.com/insights/viewpoi...
Shaping Tomorrow’s Cities:
https://www.cbre.com/insights/books/s...
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Show notes at: https://link.chtbl.com/OTM'>https://link.chtbl.com/OTM


00:00 Intro

01:24 Cities See Returning Demand

05:25 The "Doom Loop" Scenario

07:00 Offices Are Filling Up Fast

11:08 #1 Investment Nobody is Thinking About

15:21 Investing In and Around Cities

22:04 Rate Cuts and Economic Predictions

25:39 Investors MUST Do This