CBRE's Levy Sees Office Market Recovering First Post-Irma

The video discusses the resilience of the commercial real estate sector, particularly the office market, in the face of storms. It highlights the differences in impact between commercial and residential properties, noting that multifamily units are more affected. The discussion includes the recovery of the Houston market post-storm, the expected rise in prices due to decreased vacancy rates, and the comparison between Houston and Florida markets, emphasizing the unique challenges and opportunities in each region.

What is the main reason for the resilience of the office segment in the commercial real estate market?

• Government subsidies

• Higher demand for office spaces

• Stronger physical infrastructure

• Lower construction costs

How did the storms affect the multifamily housing market in Houston?

• Increased vacancy rates

• Decreased demand for housing

• Stabilized rental prices

• Increased demand and reduced concessions

What is expected to happen to multifamily housing prices in Florida post-storms?

• Prices will remain stable

• Prices will fluctuate unpredictably

• Prices will decrease

• Prices will increase due to reduced vacancy

What factor contributes to the unique market dynamics in Florida's multifamily housing?

• High number of primary residences

• Large transient population and vacation homes

• Strict government regulations

• Abundance of affordable housing

Why might Florida experience more pricing pressure in the multifamily market compared to Houston?

• Lower demand for housing

• Stricter zoning laws

• More vacation homes and less market slack

• Higher construction costs