A Cloudy Outlook for Next Year
Manage episode 390583494 series 3412214
In this week's episode of The Industrial Real Estate Show I was pleased to be joined by world renowned economist KC Conway.
Here's what we discussed:
0:00 - Introduction
0:28 - How has the real estate market held up so well?
5:15 - Why did the Feds change their minds so quickly?
9:30 - What happens with interest rates in 2024
18:04 - Commercial real estate market in 2024
23:45 - Deal volume next year
31:02 - What's driving industrial real estate demand?
37:16 - Ocean port markets vs Inland port markets
41:01 - The development market
45:45 - The importance of electricity for site selection
50:19 - Black swan events in industrial real estate
56:16 - Lightning round!
About KC:
* 35 years commercial real estate experience (30 private industry; 5 within Federal Reserve system 2005-2010). currently available for consulting, speaking & litigation support.
* MAI since 1989; Counselor of Real Estate (CRE designation) since 2009, and CCIM designee in 2020.
* Independent Director, Monmouth MREIC (Sept 2018 to present). MREIC.com is a top performing industrial REIT specializing in Logistics HQ in Holmdel, NJ - check out Fall 2020 REIT magazine for Monmouth MREIC profile and history).
* Prior - Director of Research and Corporate Engagement at AL Center for Real Estate (ACRE) at Culverhouse College of Business, University of AL (Oct 2017 - Oct 2020).
* Chief Appraiser & Sr. Market Intelligence Officer SunTrust Bank 2014-2017.
* Chief Economist Colliers | United States 2010-2014 and author of North American Port, Industrial and Office Outlook reports 2012-2014.
* 2007 recipient of the Appraisal Institute's President's Award
* 2009 recipient of "Key Player" Award from the Atlanta Federal Reserve.
* 2010 recipient of "Superior Contributions" Award by the FFIEC - Federal Financial Institutions Examination Council. * CRE Risk Specialty Officer - NY FED during Financial Crisis 2009-2010.
* Briefed Federal Reserve's Board of Governors & Chairman Bernanke in June 2007 on the coming real estate crisis.
* Nationally recognized expert and speaker on a wide range of commercial real estate topics ranging from appraisal and bank regulation to ports and securitization.
* Expert witness in prominent cases.
* Instructor and frequently requested speaker to bank regulatory entities, academic, professional organizations and industry associations, such as the Appraisal Institute, Counselors of Real Estate, CCIM, APTC, ICSC, NAIOP, NAR, RLI, RMA, SIOR, ULI, as well as bank regulatory agencies.
Connect with KC:
Website: https://kcnomicsllc.com/
LinkedIn: https://www.linkedin.com/in/kc-conway-mai-cre-10320812
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