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CRE Cycle: In the Eighth Inning of a Doubleheader

At the Goodwin and Columbia Business School Real Estate and Capital Markets Conference, experts highlight key trends.

By Betsy Kim | Updated on January 29, 2018
REMC From left: Wendy Silverstein, Avi Lewittes, Ivo de Wit, Ronald Kravit, Bill Thompson

NEW YORK CITY— We are long in the CRE cycle, maybe not late in the cycle—in an aberration of a very extended cycle, according to Bill Thompson, managing director and co-head at Greenhill & Co.

Cycle Expectations

“All things we’re used to seeing as stop signs: oversupply, overleverage and recession. None of these stop lights are flashing right now, other than geopolitical risk,” Thompson said, “So, it does feel like it has a little time left but it is an awfully long cycle.”

The other Global Flows of Capital session panelists at the annual Real Estate and Capital Markets Conference, organized by the law firm Goodwin and Columbia Business School on Friday agreed. The current CRE market cycle was described as in the eighth inning … of a doubleheader.

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