Commercial Real Estate

[Arta Montero]

Wondering what are everyone thoughts about commercial real estate vs multi family. Wondering if this is a better time for commercial real estate vs multifamily?

[Chris Levarek]

@Arta Montero Demand and the ability to predict demand should be valued. Multifamily is safe bet for many as with shortages in affordable housing nationwide, people are in need of good housing options and there is high demand for multifamily in many cities from senior living, millenials and immigration numbers.

However, as the cycle shifts and especially in this pandemic time frame, there is opportunity for an investor to find the building types such as office space no longer used, due to remote workforce, and convert to create demand. Buying commercial space in non-performing industries and converting to possible future performing industries could be a great play. Imagine, commercial space converted to warehouses, delivery centers, storage space, or even as you said businesses on the growth side such as medical, security, tech, etc.

I focus primarily on multifamily, but I also enjoy looking for opportunity and seeing the trends. When everyone is running from commercial(office/hotels), opportunity awaits the investor with the eye to see it.