The notion of widespread distress among commercial real estate assets leading to fire sales is overblown, according to comments that Hessam Nadji, President and CEO of Marcus & Millichap, made to CNBC this week.
Nadji said nearly every asset class, except for office, has strong fundamentals regarding occupancy and rent, because "they are a reflection of a strong economy. They're as healthy as they've ever been," he said.
He said self storage, industrial warehouses (even with overbuilding), apartments, and hotels are in a good position, adding that even retail has forged a big comeback).
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