Predicting the Future with Barbara Corcoran
“I don’t think we’ll ever go back to what we had before.”That’s what Barbara Corcoran thinks of commercial real estate’s future. In Part II of Business Casual’s interview with the star of ABC’s Shark Tank and real estate mogul, she makes several bold predictions about the ways commercial real estate come out of today’s pandemic and recession. Chief among them? Compromise is the new open floor plan. Barabara says that today’s widespread WFH will illustrate the futility of giant office spaces, while also highlighting some of the difficulties of remote employment. That puts a few lucky commercial real estate players in pole position. What else does Barbarba see in her crystal ball? Fewer bank foreclosures than you might think. A renewed appreciation for the layers upon layers of leverage in the commercial real estate market. Some unpleasant ripple effects of rent forgiveness. Retail’s death knell.If you want to understand all of that, plus the important role the commercial real estate market plays in the broader economy...Listen now. And FYI: This is the second part of a two-part interview. Go check out Part I, which centered on the residential real estate market, if you haven’t already.
Duration: 30 min