Vancouver Commercial Real Estate Podcast
VCREP #121 | Charting 2024 with Alan Haigh
Jan 10, 2024
Alan Haigh joins the podcast to provide a roadmap for navigating the real estate landscape in 2024. He discusses potential rate trajectories, strategies for seizing opportunities during market volatility, and insights to steer investors in the right direction. They also touch on expanding to Alberta and the importance of cash reserves in commercial real estate.
42:56
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Quick takeaways
- Interest rates are expected to decrease in 2024, providing stability and optimism in the commercial real estate market.
- The multifamily and industrial sectors are considered hotspots, with strong demand and potential for growth.
Deep dives
Interest rates and market activity
Interest rates are expected to decrease in 2024, providing stability and optimism in the commercial real estate market. The market has seen an increase in activity, with more deals being made due to the stabilization of interest rates. There is a positive outlook for the multifamily and industrial sectors, with the rental market experiencing consistent growth and demand for industrial properties rising. However, the office sector is considered a higher risk and should be approached with caution. Overall, investors are advised to keep their cash reserves intact and make well-informed decisions when investing in commercial real estate.
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