Reported 8 months ago
Despite the volatility in the commercial real estate market with US office values 25% below their 2022 peak, SteelWave Co-Founder, Chairman, and CEO Barry DiRaimondo sees this as a prime investment opportunity. DiRaimondo points out the current disarray in the capital market and supply and demand for office spaces, noting that the pessimism may not align with historical market recovery patterns, which tend to improve in a 'hockey stick' shape. He believes that even with some companies adopting hybrid work models, the need for office spaces remains constant, making it a favorable time to invest.
Source: YAHOO