Industrial real estate demand is rebounding in 2026 after the slowest first half in eight years. Michael Bull, CCIM gets the latest from Marc Selvitelli, President and CEO of the Commercial Real Estate Development Association (CREDA, the organization known for decades as NAIOP).

Only 75 million square feet of industrial space delivered in the first half of 2026, the lowest in eight years. Yet 595 million square feet are now under construction, up 5% year over year, with vacancy essentially flat at 6.9%. Marc explains why the sector is normalizing toward historical norms instead of repeating the post-pandemic rocket ship, and why consumer spending and e-commerce still support the trend. One caveat sits under the numbers: the forecast assumes the conflict with Iran winds down in the second half of the year.

The conversation also covers the CREDA sentiment survey (slow, steady, and quietly positive as capital returns), the return to office at 3.4 days a week, why power availability is now the single biggest constraint on new development, and the explosion in data centers, from 2% of members three years ago to 12% today. Marc and Michael dig into industrial outdoor storage (under 2% vacancy nationwide), medical office, office-to-residential conversions, senior housing technology, and what AI really does and does not change for brokerage.

In this episode:

00:00  Intro: NAIOP Is Now CREDA
00:56  Why NAIOP Rebranded to the CRE Development Association
02:29  Industrial Demand Forecast: Slowest First Half in 8 Years
04:22  The Iran Conflict Assumption in the Forecast
05:10  595M SF Under Construction as Development Turns Up
06:19  Industrial Investment and Capital Coming Back
07:21  CREDA Sentiment Survey: Slow and Steady, Trending Positive
08:09  Multifamily Uncertainty and Office Finding Its Footing
09:44  Return to Office: 3.4 Days a Week, AI Firms at Five
10:34  Construction, Labor, and Power: The Biggest Constraint
12:12  Data Centers: From 2% of Members to 12%
14:39  Industrial Outdoor Storage: Under 2% Vacancy Nationwide
15:42  End-of-Year Opportunities: IOS, Medical Office, Conversions
17:23  A 185,000 SF Tower at 30%: The Office Condo Play
18:45  Senior Housing Demand and the Technology Gap
21:07  AI, Brokerage, and Why Relationships Still Win
25:24  Final Takeaway

Connect with Marc Selvitelli, CAE:
https://www.linkedin.com/in/marc-selvitelli-cae-7b6a991
CREDA Website: https://www.credaglobal.org

Connect with Michael Bull & The Show:
Michael Bull, CCIM
Bull Realty, Inc
https://www.linkedin.com/in/michaelbull/

For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.

America's Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies. Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

#CommercialRealEstate #CRE #IndustrialRealEstate #NAIOP #CREDA #DataCenters #IndustrialOutdoorStorage #OfficeMarket #CREForecast #RealEstateInvesting #MedicalOffice #MichaelBull

Houston delivered 6,400 apartment units in Q1 while Class B absorption came in at negative 750. Michael Bull, CCIM and developer Victor Menasce break down what that means for apartment investors and developers in 2026.

Victor Menasce, Senior Partner at Y Street Capital, has developed and owned property through multiple recessions and cycles. He explains why the traditional Class B value-add playbook of adding washers and dryers and pushing rents $50 a month is running out of room, how Class A concessions are pulling renters up and out of older product, and why lease surfing stretches stabilization timelines even in brand new buildings.

The conversation also covers entitlement risk and the case for building by right, how opposition groups now organize on social media within weeks and use AI to research objections, the Austin multifamily oversupply and how long that absorption may take, and where the supply and demand mismatch actually sits today.

Victor also makes the case for active adult housing as an underbuilt segment between market rate apartments and independent living, with resident tenure averaging around nine years. Plus construction cost trends, factory built delivery, and an insurance renewal that went from $58,000 to a $350,000 quote in a single year.

In this episode:
00:00  Development Through CRE Cycles With Victor Menasce
01:28  Your Investment Thesis Ages Before the Project Delivers
02:13  Three Legs of the Stool: Capital Cost, Rents, Construction
02:47  Entitlement Risk and the Case for Building By Right
04:22  Local Counsel, Relationships, and Approval Timelines
05:04  Organized Opposition: Social Media Groups and AI Research
07:00  New Supply: Austin Oversupply and Rent Concessions
08:34  Lease Surfing and When Apartments Become a Commodity
11:19  Active Adult: The Gap Below Independent Living
12:11  Office Conversions and Mixed Use Done Right
13:35  Active Adult Demographics: 70% Singles, 9 Year Tenure
15:00  Construction Costs 2026: Labor, Trades, Supply Chain
16:03  Factory Built Delivery and Hambro Joist Time Savings
16:52  Insurance Shock: $58K Premium to a $350K Renewal Quote
18:40  Houston Q1 Data: Class B Squeezed From Above and Below
20:16  Closing Thoughts and Sponsors

Connect with Victor Menasce:
https://www.linkedin.com/in/vmenasce/
Y Street Capital Website: https://ystreetcapital.com

Connect with Michael Bull & The Show:
Michael Bull, CCIM
Bull Realty, Inc
https://www.linkedin.com/in/michaelbull/

For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.

America's Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies. Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

#CommercialRealEstate #Multifamily #ApartmentInvesting #RealEstateDevelopment #ValueAdd #ActiveAdult #HousingSupply #ConstructionCosts #RealEstateInvesting #CRE #Houston #CREshow

Six years into the expansion, the commercial real estate cycle still looks early. Michael Bull, CCIM covers 2026 rates, supply, and office with BGO Chief Economist Ryan Severino, CFA.

Ryan Severino, CFA, Chief Economist and Head of Research for the U.S. at BGO, explains why a cycle that is six years old still behaves like an early to mid cycle expansion. Debt sits at moderate levels, the labor market has room to run, and leverage has stayed disciplined. He sees runway left in the economy and in commercial real estate.

The conversation covers where inflation and interest rates go from here, why the 10-year Treasury has trouble moving far off 4% on fundamentals alone, and how trade policy and the conflict in Iran are adding roughly 30 to 60 basis points to the long end of the curve. Severino also makes the case that today's rates only feel high because most people working in this industry have spent their entire careers in a market where the 10-year stayed below 5% for a quarter century.

On the property side: the construction pipeline is the most benign on record relative to existing inventory, which means owners no longer need an outsized jump in demand to compress vacancy and restart rent growth. Severino explains why he is more constructive on office than most of the industry, drawing a direct comparison to how wrong the popular narrative on retail was for 15 years. Michael Bull adds a live example, a 17-story tower coming to market at $64 per square foot, below the cost of building out the space.

The episode closes on what Severino calls a recovery out of order. In a normal cycle, capital markets recover first and space market fundamentals lag. This time fundamentals are recovering while elevated long-term rates hold the capital markets back. His view on the next 12 to 24 months: higher transaction volume, more attractive pricing, and a real estate return profile that compares well against a richly valued stock market.

In this episode:
00:00  Where Are We in the CRE Cycle? What Inning Are We In?
01:08  Six Years In and Still Early Cycle: The Rain Delay Economy
03:17  Pandemic, Inflation, Trade War, Real War: A Fits and Starts Cycle
04:39  Inflation Resurgent: A Speed Bump, Not a Roadblock
06:37  The 10-Year Treasury: Why It Cannot Move Far Off 4%
07:58  A Quarter Century Below 5%: Today's Rates Are About Average
09:26  Michael's 17% Loan and Making Money at Higher Rates
10:28  Oil Prices and Iran: Why the U.S. Economy Shrugs Now
12:46  AI and Data Centers: Galactic Capital and Political Backlash
15:02  Record Low Construction: Why Supply No Longer Drives the Cycle
17:57  Office: The Contrarian Case and the Retail Playbook
20:07  A 17-Story Tower at $64 per Foot
20:42  Recovery Out of Order: Fundamentals First, Capital Markets Lagging
24:47  Relative Value: Real Estate Against a Richly Priced Stock Market
25:57  Final Takeaway: You Do Not Pay Today's Rate Forever

Connect with Ryan Severino:
https://www.linkedin.com/in/ryan-severino-cfa-4409022/
BGO Website: https://www.bgo.com

Connect with Michael Bull & The Show:
Michael Bull, CCIM
Bull Realty, Inc
https://www.linkedin.com/in/michaelbull/

For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.
America's Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies. Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

#CommercialRealEstate #CRE #RealEstateInvesting #CommercialRealEstateForecast #InterestRates #OfficeMarket #DataCenters #CapRates #RealEstateCycle #CREInvesting #Treasury #MichaelBull

Apartment rents grew 1.5% over the past 90 days, the fastest pace since late 2022. RealPage Chief Economist Carl Whitaker joins Michael Bull, CCIM, to break down where the multifamily market stands at mid-year 2026.

Carl walks through second quarter actuals and third quarter forecasts, and explains why the national average matters less than it ever has. Class A properties are posting growth rates on par with 2018 and 2019, Class B is finding its footing, and Class C has been left behind by a K-shaped economy. In Raleigh, Class C rents have now declined for 15 straight quarters.

The conversation covers the supply pullback versus resilient demand, how the 21st Century ROAD to Housing Act paused the build to rent pipeline and why new market rate starts are already returning in markets like Raleigh Durham, and why build to rent complements conventional apartments instead of competing with them.

Michael and Carl also dig into submarket dispersion, with Midtown, Buckhead, and Northeast Atlanta Class A rents up 2% to 3% year over year while the Atlanta metro average shows rents down 1.5% to 2%. They cover the cost side of the business, where taxes and insurance are finally cooling while marketing costs climb, and the effect of AI on rents and underwriting, with median rent to income now at its lowest level since 2020. Carl closes on the barbell shape of today's investment sales market and where he sees opportunity in second tier Southeast markets including Greenville Spartanburg, western North Carolina, and Chattanooga.

Connect with Carl Whitaker:
https://www.linkedin.com/in/carlwhitaker15/
RealPage Website: https://www.realpage.com

Connect with Michael Bull & The Show:
Michael Bull, CCIM
Bull Realty, Inc
https://www.linkedin.com/in/michaelbull/

Read More Here: https://www.bullrealty.com/intel/blog-posts/view/the-return-of-rent-growth-why-the-multifamily-recovery-is-splitting-by-class-and-submarket

For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.

America's Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies. Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

#Multifamily #MultifamilyInvesting #ApartmentInvesting #CommercialRealEstate #RentGrowth #BuildToRent
#RealEstateInvesting #ApartmentMarket #CapRates #RealPage #CREShow #MichaelBull

US office vacancy sits at 13.8% while rents rise and inventory actually shrinks. CoStar's Phil Mobley breaks down the two-tier office market at mid-2026. 

Phil Mobley, National Director of Office Analytics at CoStar Group, joins Michael Bull, CCIM to explain why the office headlines and the office market have stopped matching. National vacancy peaked at 14.1% a year ago and now sits near 13.8%, with four consecutive quarters of positive absorption totaling roughly 20 million square feet. For perspective, that full year of demand would have been one decent quarter in 2018. 

The supply side is where this cycle breaks from history. New construction starts are running about 5 million square feet per quarter, a generational low, and for the past two quarters CoStar's data shows outright supply contraction: more office space is being demolished or converted than delivered, which has never happened before. 

Mobley also corrects the most common misconception about the office recovery. It is not simply Class A winning and Class B losing. Trophy assets, the top 5% of inventory, are performing strongly, and solid B and B-minus buildings serving price-sensitive tenants held up better than most people assume. The real occupancy damage landed on A-minus and B-plus product caught in the middle: not distinctive enough to compete with trophy space, too expensive to compete on price.

Also covered: why AI has been an unambiguous demand tailwind so far and the venture-capital risk hiding inside it, why return-to-office gains raise foot traffic without raising space needs, how New York and Dallas preview where the rest of the country is heading, why lease sizes have run 15% below pre-pandemic levels for nearly three years, and the capital markets shift as institutions climb back from 10% to 15% of office deal volume to around 20%, buying buildings to keep them as office. Plus the point every landlord should sit with: the total vacancy number is not the relevant number. Competitive vacancy is, and a landlord without capital to fund tenant improvements does not really have leasable space.

In this episode:
00:00 Is Office the Buy of the Decade?
01:19 The US Office Market: Smaller, but Recovering
02:22 Vacancy at 13.8% and Four Quarters of Positive Absorption
04:30 New Supply: Generationally Low and Now Contracting
06:02 Trophy vs. A-Minus: Where Occupancy Actually Collapsed
10:34 AI and Office Demand: A Tailwind With an Asterisk
14:13 Return to Office: Foot Traffic vs. Space Demand
16:40 Why New York Led, and How the Country Became Dallas
21:12 How Much Vacant Space Is Actually Leasable?
23:02 Tenant Improvement Capital and the Rise of Spec Suites
25:29 Lease Sizes Down 15% From Pre-Pandemic
27:01 Office Investment Sales: Institutions Are Buying Again
30:33 User Buyers, Two World Trade, and Occupier-Driven Construction
32:48 Forecast: Vacancy, Rents, and the Next 6 to 12 Months
34:36 Capital Is King: Corporations Building Their Own Space

Connect with Phil Mobley:
https://www.linkedin.com/in/phil-mobley/
CoStar Group Website: https://www.costar.com

Connect with Michael Bull & The Show:
Michael Bull, CCIM
Bull Realty, Inc
https://www.linkedin.com/in/michaelbull/

For more commercial real estate market data, sector forecasts, and video episodes, visit CREshow.com.

America's Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies. Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

#CRE #CommercialRealEstate #OfficeMarket #OfficeSpace #RealEstateInvesting #CREForecast #OfficeVacancy #CoStar #TenantRepresentation #BullRealty

As commercial real estate navigates the mid-year of 2026, the primary point of uncertainty has officially shifted from the capital markets to the realities of underlying tenant demand. In this episode, host Michael Bull is joined by Xander Snyder, CRE Economist with First American, to break down their newly published mid-year market forecast.

While a flat yield curve and geopolitical tensions in Iran keep interest rate cuts firmly off the table for the remainder of the year, Xander delivers a highly optimistic, contrarian outlook for early-cycle investors. As the industry enters the early innings of a fresh 10-to-20-year expansionary cycle, the playbook has changed: structural valuation adjustments have re-opened sales volumes, and the path to outsized returns now rests entirely on asset-level expense management and protecting the downside.

Key Topics Covered in This Episode:

The Mid-Year Macro Overview: Xander explains why consumer debt, falling real wages, and targeted corporate AI spend mean demand metrics—rather than Fed interest rate adjustments—will define the second half of 2026.

The Illusion of the Labor Market: Squaring a 4.3% headline unemployment rate with a challenging job search environment, and how low employee turnover is impacting commercial space requirements.

Yield Curve Realities & The 10-Year Treasury: Navigating a flat, non-inverted yield curve and why historical data implies a 10-year Treasury path heading toward 5% to 6%, even without future Fed rate hikes.

Office Bifurcation & Traded Volume: How severe price corrections and near-zero new supply have allowed suburban office underwriting to work, driving a 40% to 50% spike in Q1 sales and refinancing activity.

The Defensive Floor Under Retail: Why a 15-year supply freeze paired with resilient consumer spending keeps brick-and-mortar retail exceptionally strong, despite isolated Class B and C mall closures.

Multifamily Capital Structure Distresses: Managing the wave of 2021-2022 floating-rate maturities, prohibitively expensive interest rate caps, and why lender takebacks are a story of capital right-sizing rather than structural demand destruction.

Industrial Stabilization by Asset Size: Why large-scale logistics spaces face short-term trade policy vacancies while localized industrial footprints under 50,000 square feet maintain tight 3% to 4% vacancy rates.

The Rare Property Insurance Expense Win: A deep dive into the temporary 10% to 15% drop in property insurance premiums driven by excess 2025 reinsurance capital, and how operators must capture these line-item savings to boost NOI while rents grow modestly.

Whether you are an institutional lender evaluating foreclosure strategies, a private syndicator structuring new performs, or a corporate user tracking localized Southeast growth metrics, this episode offers an elite framework for investing at the baseline of the next real estate cycle.

Connect with Xander:

https://www.firstam.com/economics/xander-snyder/

https://www.linkedin.com/in/xander-snyder-econ/

Connect with Michael Bull & The Show:

Michael Bull, CCIM

Bull Realty, Inc

America’s Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com  

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

How are Real Estate Investment Trusts (REITs) navigating economic shifts and outperforming the broader equity market in 2026?

In this episode of America's Commercial Real Estate Show, host Michael Bull sits down with Edward Pierzak, Senior Vice President of Research at Nareit, to break down the operational performance, balance sheet metrics, and future outlook for the REIT sector. Despite facing macroeconomic shocks like geopolitical conflicts and inflation worries, REITs have maintained incredible momentum throughout the first half of the year.

Edward provides an insider look into sector-specific trends—explaining why lodging, resorts, and data centers are leading the pack in 2026 after a turbulent 2025, and how well-amenitized, well-located properties are driving a performance bifurcation within the office sector.

We explore how REITs are keeping their momentum and outpacing broad equity markets in 2026. Edward shares a deep dive into specific sectors, detailing the rebound of data centers, the rise of lodging and senior housing, and the nuanced truth behind the "office is dead" headlines. We also take a look into Nareit's REIT Industry Tracker, detailing how high occupancy rates, solid FFO, and fixed-rate unsecured debt are giving public REITs a competitive advantage.

Additionally, we discuss the lingering public-private divergence, examining why valuations are misaligned and what this dislocation means for savvy institutional and retail investors. Finally, we analyze the recent wave of consolidation, REIT-to-REIT mergers, and the growth of internal investment management platforms.

"REITs have had a great start of the year... we still think that there's definitely more fuel in the tank." — Edward Pierzak

Whether you are looking to invest, advise, or track institutional quality real estate trends, this episode delivers the vital market intelligence you need to finish 2026 strong.

Connect with Edward Pierzak:

https://www.linkedin.com/in/edwardfpierzak

Nareit Website: https://www.reit.com/

Connect with Michael Bull & The Show:

Michael Bull, CCIM

Bull Realty, Inc

America’s Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com  

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

While the traditional office sector faces ongoing scrutiny, government-leased office properties operate in a completely decoupled realm of stability. In this episode, host Michael Bull sits down with Darrell Crate, CEO, President, and Director of Easterly Government Properties, to dissect the unique mechanics of the federal and state leasing markets.

Darrell pulls back the curtain on Easterly's 10-million-square-foot portfolio to explain why mission-critical government real estate remains one of the most resilient, high-credit anchors an investor can add to a CRE portfolio. From the market effects of the Department of Government Efficiency (DOGE) to the strict nuances of navigating appropriations clauses, this conversation provides an elite blueprint for understanding how government tenancy drives long-term value, predictable 7% dividends, and unmatched lease stickiness.

Key Topics Covered in This Episode:

The Truth About DOGE and Government Real Estate: Darrell breaks down how the Department of Government Efficiency acts as a wave of private-sector accountability, forcing agencies to re-evaluate footprints without jeopardizing non-partisan, mission-critical assets like the FBI, VA, and DEA.

The Asset-Light Disconnect: Why the U.S. government still owns two-thirds of its real estate footprint and why the ongoing transition toward a private-sector leasing model creates massive transaction volume and valuation arbitrage for private partners.

Unmatched Occupancy and Stickiness: A look inside the metrics where standard commercial office vacancy headlines do not apply, highlighting how mission-critical facilities routinely maintain 98% to 100% occupancy over decades.

Federal GSA vs. State Leases: Comparing the slow-moving underwriting of federal contracts against fiscally responsible state leases (like Georgia), which often feature built-in escalators and extended 25-to-40-year terms.

The "Dabbler" Warning & Transaction Realities: Why standard commercial brokers face severe friction trying to execute government leases and why deep institutional knowledge is required to keep lenders comfortable through complex, multi-month negotiations.

The Supply Cliff and Workforce Return: How a near-total freeze in new construction paired with the workforce return to physical spaces is providing sector-wide tailwinds for office real estate.

Whether you are an institutional player looking to position capital in stable yield structures or a private investor wanting to understand the defensible "smile of the country" growth markets, this episode provides critical strategy for navigating the government real estate sector.

Connect with Darrell:

https://easterlyreit.com/

https://www.linkedin.com/company/easterly-government-properties/

Connect with Michael Bull & The Show:

Michael Bull, CCIM

Bull Realty, Inc

America’s Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com  

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/

How are global economic transformations shifting commercial real estate portfolios? In this mid-year outlook episode, host Michael Bull is joined by PwC's Global Real Estate Deals Leader, Tim Bodner, to dissect emerging sector trends, real asset convergence, and the operational impact of technology.

Moving past short-term speculation, Tim reveals a market where traditional real estate sectors and infrastructure assets are converging at an unprecedented pace. With the industry adapting to a structurally permanent "higher for longer" interest rate environment, capital discipline has returned, forcing market participants to focus heavily on driving true operational efficiency. From the reshoring tailwinds of manufacturing to the evolution of a comprehensive "living theme," this conversation delivers critical, forward-looking data points for institutional and private investors alike.

Key Topics Covered in This Episode:

The PwC Mid-Year Forecast: A high-level assessment of the global deals market and sector sentiment.

The Office Quality Spectrum: Navigating the supply crunch of high-quality space and the economic rationale behind repurposing obsolete Class C stock into residential, hospitality, or data center spaces.

The Retail Resurgence: Analyzing the strong comeback of retail, specifically evidenced by high-profile public-to-private transactions in the grocery-anchored space.

Industrial & The Manufacturing Boom: How onshore supply chain shifts and automated factories are acting as continuous tailwinds for the industrial sector.

The Broad "Living Theme": Shifting the investment lens from pure multifamily to a holistic approach encompassing under-supplied senior housing, student housing, and affordable residential options.

AI’s Real Impact on Operations: Cutting through job-market anxiety to look at how artificial intelligence is transforming real estate operating models, from automated leasing to fan and tenant experiences.

Interest Rate Adaptation: Why current range-bound rates are historically normal and how the lack of a low-money "spigot" is creating healthier corporate platform strategies.

Whether you are looking to deploy private capital into emerging real assets, evaluating healthcare or medical office adjacencies, or structuring a portfolio for structural transformation, this episode provides the strategic intel required to navigate the road ahead.

Connect with Tim Bodner:

https://www.pwc.com

https://www.linkedin.com/in/timbodner/

https://twitter.com/timbodner

Resources:

https://www.pwc.com/us/en/intelligent-enterprise.html

Connect with Michael Bull & The Show:

America’s Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.

Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.

Learn more: https://www.buildout.com  

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.

Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.

Learn more at https://www.commercialagentsuccess.com/

The office market has officially found "terra firma". In this episode, host Michael Bull is joined by Marc Selvitelli, President & CEO, Commercial Real Estate Development Association, to deliver the latest demand forecasts, net absorption trends, and massive organizational news.

Effective July 1st, NAIOP is officially rebranding to CREDA—The Commercial Real Estate Development Association. Marc shares how this shift reflects a membership base that has expanded far beyond traditional office and industrial space into multifamily, mixed-use, retail, data centers, medical office, and industrial outdoor storage.

Past the rebrand, Michael and Marc dive straight into the numbers, revealing that the office sector has logged positive net absorption for three consecutive quarters for the first time in four years. Learn what is driving this stabilization , why Class A and trophy spaces face severe supply constraints , and how contrarian investors can capitalize on the buy of the decade.

Connect with Marc Selvitelli:

https://www.credaglobal.org/

https://www.linkedin.com/in/marc-selvitelli-cae-7b6a991

Connect with Michael Bull & The Show:

America’s Commercial Real Estate Show is brought to you by our proud sponsors.

TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.

Learn more: https://www.tcnworldwide.com

Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.

Learn more: https://www.buildout.com  

Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.

Learn more: https://www.bullrealty.com

Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.

Learn more at https://www.commercialagentsuccess.com/

Live from the Georgia CPA Conference, host Michael Bull delivers an actionable, forward-looking deep dive into commercial real estate client strategies and market forecasts.

Designed for advisors, accountants, and principals, this episode moves past historic numbers to explore how to position real estate portfolios for the next 3 to 10 years amid shifting interest rates and evolving economic headwinds.

Key Topics Covered in This Episode:

• The Fed & Market Headwinds: How current interest rate projections are impacting commercial property transaction volume and deal structure.

• Buy vs. Lease Strategies: Why distressed Class B and C office spaces present rare, high-leverage buying opportunities for stable business users using SBA financing.

• The Power of Sale-Leasebacks: How business owners can unlock massive equity, preserve operational flexibility, and maximize company valuation prior to a business sale.

• 1031 Exchange Best Practices: Proven timelines for avoiding "boot," maximizing the 45-day identification period, and utilizing Delaware Statutory Trusts (DSTs) and reverse exchanges as insurance policies.

• Owner Financing & Risk Mitigation: Creative structures for non-judicial foreclosure states to generate interest income and defer taxes via installment sales.

• Sector-by-Sector Market Update: A localized update on multifamily absorption, climbing industrial rents, retail resilience, and office condo conversions.

Whether you are advising a tenant through a long-term lease review, evaluating a single-tenant net lease property, or navigating a distressed asset situation, this episode provides the creative tools needed to protect and build wealth in today's market.

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