1.5 years into Fed tightening cycle and property sellers are still demanding 2019 prices which buyers are not willing to take. The market will be sluggish until one side caves.
@kylematthewsceo I’d be cautious with betting on any major rate cuts next year. Markets are already pricing in 150 bps in rate cuts by Q3 24, which I think is ludicrous. IMO, Fed will throw a 25bps bone to market next year, if we are lucky.
I know it sounds like a cliché but at the end of the day everything boils down to how badly you really want something.
My 4-year son old reminds me of this daily: if he really wants something, he will figure out a way to get it whatever it takes. Whether it’s a new toy, cartoon, attention, or snack…kids are relentless.
@Roth_Overlord@CoyDavidsonCRE I’d suggest reading yesterday’s post by @kavehcyrus. Also, follow @rogerfields120 Guys who’ve been around the block understand timing and quality. My 2 cents: tech dominant supply-constrained markets historically recover first.
1/17📣We recently acquired #60Spear in downtown SF and many are asking: "Why buy office space and why in #SanFrancisco?" Here's our contrarian take on why we're bullish on SF's office market and why you should never bet against our beautiful city. A thread👇🧵#retwit#presidiobay