Declining income. Increasing vacancy. Dropping values.
These are just a few of the existential threats to L.A.’s commercial market. As interest rates keep going up, more owners teeter on the edge of falling into default. Add that together with hefty taxes, and deal volume for investment sales has dipped.
So what’s a dealmaker to do? At The Real Deal’s L.A. Forum on September 21, we’ll find out.
By bringing together a top commercial developer and operator and a leading investment sales broker, TRD will look for the silver lining in a cloudy, gray market.
There are a few bright spots already, with big leases signed in Century City and Glendale. And a down market always presents opportunities. Whether those are for pricing resets across the board, deals for vultures circling distressed assets, businesses looking to snag discounted space or new hot markets emerging from the ashes of the old — real estate always finds a way to get deals done.
Commercial market experts Chris Rising and Kevin Shannon aren’t new to downturns. Rising’s Rising Realty Partners is responsible for major projects across L.A. The company owns and operates more than 5 million square feet of space, including office, data centers and industrial properties. Kevin Shannon, co-head of U.S. Capital Markets for Newmark, has been involved in some of the biggest deals on the West Coast, selling to and for the likes of Amazon, Meta and Google.
Both experts have seen market cycles before and taken advantage of both down and up. Find out how on September 21. Get your tickets today.