On The Market cover image

On The Market

179: A “Year of Opportunity” to Come for Multifamily, Says CBRE’s Richard Barkham

Jan 15, 2024
CBRE's Richard Barkham discusses the state of the multifamily and commercial real estate market, including cap rate forecasts, why struggling multifamily investments didn't get foreclosed on, and the potential impact of oversupply. He also touches on the current macroeconomic climate, sector analysis, affordability, and the speculation of distress in the multifamily market.
49:08
Creator website

Episode guests

Richard Barkham

Podcast summary created with Snipd AI

Quick takeaways

  • The commercial real estate market, including multi-family properties, has shown resilience despite challenging economic conditions in 2023.
  • The office sector has experienced increased vacancy rates, while sectors like multi-family, industrial, and retail have remained relatively strong.

Deep dives

Overview of the Episode

In this podcast episode, host Dave Meyer interviews Richard Barkham, the executive director and global chief economist of CBRE, one of the largest commercial real estate companies in the world. Although the focus is on commercial real estate, the conversation explores parallels between residential and commercial markets. The episode provides insights into the state of the economy and how it impacts the commercial real estate sector. Richard discusses the performance of different sectors within commercial real estate, such as office, industrial, and retail. He also delves into trends in multi-family properties, including rental growth and vacancy rates. The episode concludes with a discussion on potential distress in commercial real estate and offers advice for real estate investors in 2024.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner