While there are many predictions about waves of distress hitting the commercial real estate market, John Chang, senior vice president, director of research services at Marcus & Millichap, thinks there will be few truly distressed assets reaching the market.
Instead, Chang says the significant amount of capital targeting real estate will bid up most underperforming properties.
"Investors should not expect to buy CRE for pennies on the dollar," Chang said on a recent video from Marcus & Millichap.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
