The Downtown Real Estate Armageddon (and What it Means for You) (Ep. 16)
We’re not here to spread alarm but to unravel the intricate web of challenges and transformations reshaping the commercial real estate sector. Join us for an in-depth exploration of what’s causing the downtown commercial real estate Armageddon and what it means for the future of these urban landscapes.
In this episode, Adam Scott, CFP® discusses the current real estate environment and potential challenges in the market. As the conversation weaves through these market dynamics, Adam reflects on the broader implications for companies. With a substantial amount of empty office space ranging from 50% to possibly 70%, businesses are confronted with the need to renegotiate leases in a landscape where real estate owners grapple with mounting challenges. He also touches on mortgage rates, decreasing demand, and increasing apartment building supply.
Adam discusses:
- Current real estate environment and potential challenges in the market
- The importance of thorough calculations and understanding carrying costs in real estate investments
- How his wife lost money through a failing real estate investment
- The challenges of financing commercial real estate properties
- And more
Connect with Adam Scott CFP®:
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