Zell: No Demand for New Office Space Built in New York

The video discusses the housing market, emphasizing the role of money availability over demand. It highlights significant trends in commercial and multifamily housing, particularly in cities like San Francisco and New York. The office space market is analyzed, showing a lack of growth and increasing efficiency in space usage. Challenges in single-family housing, especially at the starter level, are noted. The video also warns of potential risks for investors entering the real estate market due to high rents and low yields elsewhere. Finally, it examines the impact of new developments in New York City on supply and demand.

What does the speaker suggest about the demand for office space?

What warning does Tom Barrack give about the current housing market?