I had the pleasure of joining Brett Bayless, Bryan LaBar, and Keon Truth at last week’s Connect CRE Los Angeles conference. Of the six panels, the 'Industry Leaders: A View From the Top' panel, in particular, made a variety of compelling points about the current state of the #CRE market. Mentioning key topics such as velocity, affordability, and polarizing values, the panel echoed my own market observations, as we are simultaneously experiencing both a buyer's and a seller's market.
Additionally, there was a notable emphasis on the geographical location of commercial real estate investments. For example, typical multifamily buildings (without specialized amenities/layouts) are trading at aggressive cap rates, often due to their prime location, whereas luxury buildings down the street might transact at lower cap rates.