Tariffs, Towers, and a 9.8% Drop—Inside This Week’s CRE Power Moves
In this episode, Steve Hamoen begins with an introduction and overview of the topics to be explored, setting the context for a detailed analysis of current market trends. The discussion starts with an examination of Canada's home sales and the dynamics of NYC office leasing, highlighting recent shifts in these key areas. Steve then delves into the economic factors affecting the sector, focusing on the impact of tariffs on coastal industrial real estate. The episode also features a check-in on the performance of public REITs, offering insights into their current status and potential future trajectories. The episode provides a well-rounded perspective on these significant developments within the commercial real estate landscape.
Key Points
- Canadian home sales fell nearly 10% in February, reflecting broader economic uncertainties and influencing commercial real estate investor sentiment.
- New York City office leasing had its strongest quarter since 2019, with Midtown availability dropping under 15% and significant deals like Goodwin Procter's 250,000 square foot lease.
- Coastal industrial properties near key U.S. ports are experiencing downside pressure due to new tariffs, while inland hubs continue to attract strong leasing and capital flows.
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Transcript
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