2018 Global Leaders in Real Estate Summit: Where do you think the sector is heading over the next couple of years?
December 17, 2018
Attendees of the most recent Global Leaders in Real Estate Summit discuss where the real estate sector is heading over the next couple of years.
Amy Sole: I don't think that there's going be a huge bubble-burst. I think that there's so much regulation that's going on right now that it will start to level off and actually we will see prices drop, but I don't believe it's going to be a huge burst like we've had in the past.
Jamar Gordan: I think the real estate market overall is doing very well. I know there's been a lot of shakiness with having Amazon in the market and things of that nature. But I think even those e-commerce entities still need that brick-and-mortar type of units as well. So I think the market in terms of retail is still very strong.
Gerald Guterman: On local economics, and I mean very local economics, and the ability of the developer, the owner, the operator to know by demographics exactly who and where the demand is, what the ability of that demand is. Without that knowledge you shouldn't be in the area to begin with, and it really has nothing to do with what the whole sector in the city or in a region or in the country has to do with it.
Andrea Himmel: We see the bubble as more of an equity bubble. There's been a lot of free capital coming into the markets over the past few years in terms of both quantitative easing, tax cuts and deregulation from the Trump Administration. And we see that as potentially causing a reset in the stock markets.
Lawrence Selevan: Well, New York's already gone through its bubble and it's in its correction phase right now. Rents came down a little bit. They're stabilized now. There's not as large of an influx of foreign capital, especially Chinese capital. But, New York is still the place where everyone wants to invest.