Industry Leaders See More Optimism, Yet Caution Remains (VIDEO)

Are commercial real estate industry members more optimistic, less optimistic or feeling pretty much the same compared to six months ago? That was the question posed to CRE leaders at Connect Los Angeles 2024 earlier this month. Their consensus view: there is greater optimism, but it remains cautious, and the level of optimism may depend on who you’re talking to.

”Generally, I would say they’re more optimistic,” said Gary Bechtel, CEO of Red Oak Capital Holdings. “They would love interest rates to come down, but I think everyone is of the opinion that the interest rate environment we’re in today is the interest rate environment we’re going to be in for the foreseeable future.”

In the video below, you will glean further insights from Bechtel and from Lew Horne, president, Greater LA, OC & Inland Empire, CBRE; Bob Hart, president and CEO, TruAmerica Multifamily; Kyle Matthews, founder, chairman & CEO, Matthews Real Estate Investment Services; Craig Coan, partner, Greenberg Glusker; John Manning, SVP, head of production, Western Region, Marcus & Millichap Capital Corporation; and George Mitsanas, principal/president, Gantry.