Commercial real estate is down and hybrid work is a big reason why, according to one real estate executive.
According to data from MSCI, commercial real estate transactions fell 22% in the second quarter from a year ago. And while inflation and an economic recession are both weighing heavily on the minds of real estate investors and “creating some hesitation,” Marcus and Millichap CEO Hessam Nadji said that it’s “not really a long-term concern.”
“The bigger concern is this hybrid work…
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