In this episode of the Commercial Real Estate Podcast, hosts Aaron and Adam connect with Adam Jacobs, the National Head of Research at Colliers. They explore the current state of the commercial real estate market and discuss the impact of data analytics, interest rates, and economic factors on market valuations. Adam highlights unexpected market resilience despite recession fears and examines challenges like high construction costs and shifting buyer dynamics. The conversation also delves into Canada’s real estate future, including office market trends and its growth potential.

Here are the key topics discussed:

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• Adam Jacobs’ back story and transition to real estate
  
• The current state of the market and expectations of a deep recession
  
• Impact of rising interest rates on commercial real estate
  
• Rising construction costs and a lack of adjustment
  
• Entering the next cycle of the real estate market
  
• Reluctance to devalue assets and revaluations
  
• Canadian psyche and reluctance to accept the current market state
  
• Challenges facing the downtown area
  

More about our guest…

Adam is a national commentator on the economy, real estate market, and hot topics like return to office and investment trends. He has been regularly interviewed and featured on BNN Bloomberg, the Globe and Mail, the Financial Post, the Toronto Star, and various industry publications. His publications at Canada’s largest brokerage cover topics including institutional investors, office leasing, life sciences, and retail trends. Adam is a regular presenter at national conferences for groups ranging from student housing developers to credit unions to property managers.

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