🤑 Plummeting Prices = Opportunity
🤑 Plummeting Prices = Opportunity
Cash-in on the next downturn
As commercial real estate prices plummet, dropping by as much as 70% in big cities like San Francisco and Los Angeles, investors looking for deals are paying close attention.
Large investors like Don Peebles see this as a rare chance to buy valuable properties at very low prices, similar to what happened in the '90s when a banking crisis led to cheap real estate prices.
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At the same time, the U.S. is facing an all-time high in empty office spaces, topping one billion square feet.
In Southern California, some investors are transforming empty offices into warehouses, adapting their strategies to meet current demands.
This shows that even during tough times, there are opportunities for those ready to think differently and act quickly.
In this edition of the AltReports:
🤑 Building Bargains
🔮 Vacancy Vortex
🔨 Auction Action
⚙️ Office Overhaul
💰 Cash Castles
Video of the Week: HUGE inventory spike. 10 Cities where home Prices will Crash
Chart of the Week: Office Towers Selling for Less Than a Small Condo in Many Cities
Podcast of the Week: Do You Want a Never-Ending Flow of Deals Coming?
Amid Commercial Real Estate Crash, Offices are 'Once-In-A-Generation' Buying Opportunities
As hybrid work and surging interest rates topple office values, big cities are witnessing a freefall, with places like San Francisco and L.A. experiencing drops as steep as 70%.
According to Morgan Stanley, we're looking at a grim 30% plummet market-wide due to vanishing demand.
Cue Don Peebles of Peebles Corporation, who spots a golden opportunity in this market mayhem, reminiscent of the '90s when he picked up properties for a steal during the banking collapse.
Available U.S. Office Space Tops 1B SF For First Time
For the first time, America hit a milestone it's not bragging about over 1 billion square feet of empty desks, water coolers, and sad, lonely conference rooms are up for grabs as workers traded in their office keycards for pajama pants.
Even the hottest cities are dealing with this game of musical chairs where the music's stopped and nobody's eagerly looking for a seat.
U.S. Foreclosure Activity Increases Quarterly in Q1 2024
Welcome to the foreclosure fiesta, folks! Data darlings at ATTOM just dropped their latest stats and guess what?
The foreclosure party's getting rowdier.
That's right, Q1 saw foreclosure activity rise again from the last quarter. It's like the real estate market's waking up with a hangover and finding overdue bills.
Office-To-Industrial Projects Plow On In SoCal Despite Obstacles, Shifting Market
Empty LA offices are turning into swanky warehouses. Even with the market doing the cha-cha, developers are still playing dress-up with these boring old office blocks.
They reckon they're on to something, betting on the thirst for storage spots instead of those snooze-fest cubicle jungles.
So, while the office market is belly-up like a tired goldfish, these investors are out here doing real-life Tetris with buildings.
The kings and queens of American rental homes are not your next-door neighbors with an extra bungalow to spare.
Nope, they're the massive, wallet-stuffing corporations with appetites bigger than a Great White's.
They've gobbled up so many single-family houses, you'd think they were playing some real-life version of Monopoly – and they're not using the thimble piece.