#91 - Interest Rates, Submarkets, and CRE's Future with Spencer Levy

Passive Income Pilots

Spencer Levy, a leading expert from CBRE, joins Tait Duryea and Ryan Gibson to break down the current state of commercial real estate (CRE). He explains how rapid interest rate changes are reshaping the market, highlights key megatrends like reshoring and live-work-play neighborhoods, and offers advice on navigating submarkets. Whether you’re a seasoned investor or just getting started, Spencer shares valuable strategies to help pilots and high-income professionals make smarter CRE investments. Learn to identify undervalued opportunities and position yourself for success in a shifting landscape.

Spencer Levy is the Senior Economic Advisor and Global Client Strategist at CBRE, where he helps the world’s largest investors and occupiers navigate commercial real estate trends. Known for his dynamic speaking style and expert analysis, Spencer advises on investment strategies and market forecasts, delivering over 120 presentations annually. As the host of The Weekly Take podcast, he offers in-depth insights on everything from macroeconomic trends to niche submarkets, making him a leading voice in the CRE industry.

Show notes:

(0:00) Intro

(4:46) Spencer shares his CBRE role and focus

(7:09) Key macro trends in commercial real estate

(11:22) Interest rates' impact on CRE markets

(16:25) The case for a potential office market rebound

(31:31) Identifying submarkets for investment success

(43:39) Reshoring manufacturing and its CRE implications

(46:01) Advice and resources for new CRE investors

(48:11) Spencer’s optimism for CRE recovery and trends

(48:40) Outro

Connect with Spencer Levy:

• Website: https://www.cbre.com/people/spencer-levy
• LinkedIn: https://www.linkedin.com/public-profile/in/spencerglevy
• X: https://twitter.com/SpencerGLevy
• Podcast: https://www.cbre.com/insights/the-weekly-take

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*Legal Disclaimer*

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.