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Bloomberg Intelligence
Apple AI Plans, EU Elections
Jun 10, 2024
Anurag Rana discusses Apple's AI plans, contrasting their approach with Google's. David Powell analyzes EU elections impact on economies. Carol Pepper shares market outlook. Alex Harris talks about talent exit at NY Fed. Ken Fisher talks commercial real estate.
42:39
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Quick takeaways
- Class A trophy assets in commercial real estate witness significant leasing activity and large deals.
- Repositioning of commercial real estate involves substantial investment to attract tenants with modern amenities.
Deep dives
Demand for Office Space in Trophy Markets
In the commercial real estate market, there is a clear divide between Class A trophy assets and other properties. Trophy markets such as Park Avenue and Sixth Avenue are witnessing significant leasing activity and large deals. Despite stagnant rents, the net effective rents have declined due to increased tenant improvement allowances and landlord work.
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