Rate cuts won't save you. Office is coming back without them. Construction costs are climbing regardless. The macro isn't driving this market. Fundamentals are.
Show Notes
Everyone's waiting for rate cuts to save the market. But new research says the relationship between rates and returns is breaking down. Meanwhile, office vacancy is declining across major U.S. markets. DFW office leasing is up. Trophy offices are outperforming. Supply is shrinking. The comeback is happening while rates are still elevated.
Construction costs are also climbing from three directions. Labor shortages, tariffs, and data center demand. If your pro formas are using old numbers, your returns are bleeding out before you break ground.
The macro mirage. Everyone stares at the Fed while the real market moves underneath. The smart money is underwriting to fundamentals. Tenant quality. Supply constraints. Actual costs. The operators winning right now stopped waiting for the macro and started moving on the micro.
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.