Midyear CRE Market Trends: Office, Warehouse & AI

Join Don Catalano, President of iOptimize Realty®, SIOR, CCIM, MCR, for a quick midyear review of the commercial real estate market. Don delves into the record-high national office vacancy rate of 21% and its implications for tenants and landlords, highlighting the challenges in the current market.

Don also covers trends in warehouse space, noting strong demand due to the Amazon effect and next-day delivery requirements, despite a plateau. He explores the impact of AI and data centers on commercial real estate, emphasizing growing power demands. Additionally, Don touches on the multifamily and retail sectors, observing that multifamily housing supply is stabilizing rents, while retail performance varies by region.

What You’ll Learn in This Video:

The implications of the record-high national office vacancy rate
Trends in warehouse space driven by the Amazon effect
How AI and data centers are impacting commercial real estate
Insights into the multifamily housing market and rent stabilization
Regional variations in retail sector performance

For a deeper dive, check out our article on the 2024 Mid-Year Office Market Outlook for Corporate Tenants.