When headwinds begin to mount, some CRE investors go to the sidelines and wait it out. But is that the best strategy?
"It makes perfect sense to be cautious, but on the flip side a lot of investors stay active or even turn things up a notch when others are stepping aside," says Marcus & Millichap's John Chang. "In many cases, the deals they do in these times deliver the strongest returns over the long haul."
Chang notes that the CRE market is generally "inefficient," with nuances by property type and location. One metro could face serious headwinds, he says, while another is growing
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