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Insights on the Commercial Real Estate Market
The chapter delves into an interview with the president of a top online commercial real estate auction platform, examining the platform's efficiency in facilitating billions of dollars worth of transactions. It explores the impact of rising interest rates on property valuations, leading to challenges for owners as real estate values decline. The conversation also touches on the uncertainties in the office real estate sector, including strategies to attract tenants and the complexities of repurposing office buildings for mixed-use purposes.