If a building works for an owner user, the investor doesn't stand a chance.
I sat down with Tom O'Loughlin and Michael Oretsky to talk about what's really happening in the owner-user vs. investor market right now — and the numbers are wild. Users are paying 30-60% more than investors for the right building, sometimes more.
Once pricing guidance goes out, investors evaporate and owner users walk right in.
We also got into how these deals are getting funded (roughly a 50/50 split between cash and conventional/SBA financing), why IOS product is nearly impossible to find on the open market — most of it trades off-market before it ever gets listed — and why big corporations still overwhelmingly prefer to lease over own.
Bottom line: the owner-user market is its own animal right now, and if you're not paying attention to it, you're missing where a lot of the real activity is happening.
Full conversation in the episode. Let us know what you're seeing out there. 👇
These posts and statements are my own and do not represent the positions, strategies, or opinions of CBRE, its clients, or partners.
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