Many have been forming negative perceptions about commercial real estate as the media is steering its focus on a looming recession, rising interest rates, and waves of CRE distress. Noise is drowning out the real number, according to John Chang, Senior Vice President, Research Services, Marcus & Millichap.
Chang addressed the issue during a recent video, "Examining the CRE Perception Gap" produced by his firm.
"Media is offering a broad-based perspective that the economy and CRE are facing a reset," Chang said. "But when you look at the numbers, it's a very different story.
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