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Marcus & Millichap CEO Believes The Worst Damage "Has Already Been Done" To Commercial Real Estate And Upside Is Returning
October 15, 2024
The difficulties facing commercial real estate's office sector and their potential to cause a 2008-style meltdown have been a long-running story in real estate. The 2023 collapse of regional banks like First Republic due to their overexposure to commercial loans fueled these concerns. Marcus and Millichap CEO Hessam Nadji concedes the sector has issues but says investors are warming back up to commercial property.
Whenever the CEO of one of America's most respected commercial real estate firms speaks on the state of the market, their words carry tremendous weight. Accordingly, Hessam Nadji's recent interview with CNBC's Squawk Box was closely watched. One positive development he noted was that both European and American investors were beginning to return to the commercial real estate market.
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Whenever the CEO of one of America's most respected commercial real estate firms speaks on the state of the market, their words carry tremendous weight. Accordingly, Hessam Nadji's recent interview with CNBC's Squawk Box was closely watched. One positive development he noted was that both European and American investors were beginning to return to the commercial real estate market.
