Join us for a review of the 2023 real estate market and an insightful look forward to 2024. In this episode, we sit down with Director of Education, Rob Claus, to analyze various market reports and discuss key trends in the commercial real estate sector.
0:00 Intro: why revisit 2023 market trends before looking at 2024 forecasts
1:25 Sources used (National Association of Realtors, CoStar Data Group, CBRE)
3:07 Top 10 growth cities for multifamily (2023 vs. 2022)
3:58 Where investor money went in 2023 (38% multifamily, sector breakdown)
5:25 Why multifamily inspections are a growth opportunity
6:01 Resource #1: article on inspecting multifamily properties
6:49 Resource #2: organizing multifamily inspection reports
7:32 Resource #3: fee structure guidance
9:16 2023 Retail properties: vacancy rates, slower performance
11:49 2023 Industrial: rent growth, dropping vacancy rates
12:19 City-by-city industrial growth table
13:06 NAR's commercial real estate metro market report tool (deep-dive research)
14:25 Transition to 2024 predictions
14:32 2024 Office space outlook: remote/hybrid hangover, aging infrastructure
15:48 2024 Multifamily outlook: interest rates, renters vs. buyers
17:07 Rent vs. mortgage cost graph ($1,500–2,000 rent vs. $3,280 mortgage)
18:44 2024 Retail outlook: steady performance expected
19:07 2024 Industrial outlook: ~5% growth anticipated
19:29 Closing thoughts: choosing your market focus and next steps
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