Business
In this episode, our experts weigh in on investors, lenders and tenants and try to pinpoint where the market is headed.The general consensus was that industrial and multi-family will come out of this cycle and continue to do well while other asset classes are more likely to hurt. Retail is expected to take the biggest hit and will have an uphill battle. However, well located retail is expected to survive and well situated retail sites could provide opportunities for new tenants or a redevelopment play for multi-family.Owner user values will plateau rather than continue to increase steadily as we have seen. Buyers looking to occupy the building will be more cautious and assume there should be a discount on pricing. There is likely to be a buyer-seller gap for the next 6-12 months until a new market is established. While Interest rates are low, lenders and buyers will remain cautious. Though with industrial being a favorable asset type, lenders are more likely to place their bets and put money there, keeping cap rates in check.