The Kansas City Market Pulse Ep. 13: 2025 CRE Forecast with Blaise Tomazic of CoStar

In the first episode of 2025, host Logan Freeman welcomes back Blaise Tomazic, Director of Market Analysis at CoStar, for a comprehensive look at the state of commercial real estate — past, present, and future.Episode Highlights:Historical Context: A review of the last 15–16 years of CRE cycles to understand where we are today.2024 Recap: Key takeaways from last year’s performance across asset classes.2025 Forecast: CoStar’s outlook for office, retail, multifamily, and industrial markets.Construction Trends: Why new starts are back to pre-pandemic levels and what that means for supply pipelines.Market Comparisons: How Kansas City stacks up against the Top 50 markets and major Sunbelt metros.Office Outlook: With vacancies still high, what’s beyond conversions? Stabilization is beginning, but recovery remains fragile.Retail Surprises: Why retail continues to outperform expectations.Industrial Resilience: Strong demand persists, but risks tied to build-to-suit supply are worth watching.This episode provides data-driven insights and forward-looking strategies for brokers, investors, and developers preparing for what 2025 holds in commercial real estate.