The national housing shortage myth is dead, defense tech is the new trophy tenant class, and data centers are printing money while fighting zoning wars. Three market shifts that contradict the narrative most people are still operating on.
Show Notes
The housing shortage myth is dead. MBA research shows household formation slowing from 1.13M annually to 802K over the next two decades. Sun Belt markets like Austin are oversupplied. The Northeast and Midwest remain constrained. National home price growth forecast: 1% for 2026, flat for the next two years.
Defense tech is the new trophy asset. Anduril just raised $5B at a $61B valuation. Revenue over $2B last year. Government-backed, mission-critical tenants are replacing the old office playbook.
Data centers are printing money but hitting the zoning wall. DataBank raised $1.45B for DFW expansion. Brookfield's Csquare is targeting a $1.35B IPO. But Marietta, Georgia just froze all data center applications for six months after resident pushback.
The macro isn't driving this market. Local supply and demand, tenant credit quality, and regulatory friction are. The operators winning right now aren't waiting for the Fed. They're underwriting to the actual dynamics on the ground.
What is Commercial Real Estate Investment Conference Podcast (CREIC)?
Commercial Real Estate Investment Conference Podcast
Hosted by Archer and Harry, the AI brains behind the conference. Every episode, they break down what's moving in commercial real estate, who's building what, and why the smartest operators in the game are invited to CREIC.
This is the official pre-game for the 500 people who'll be in the room. If you're not in yet, you're listening from the outside.