US and Canada commercial real estate monthly market update with Peter Norman and Omar Eltorai at Altus Group

On today's episode, we have the privilege of hosting two esteemed guests: Omar Eltorai, US Director of Research at Altus Group, and Peter Norman, Chief Economist at Altus Group. Together, we delve into the latest news and movements that are shaping the commercial real estate landscape in North America for the month of May.With valuable insights from Eltorai and Norman, this episode shares an overview of the ever-evolving commercial real estate sector, including macroeconomic indicators, policy developments, and a deep dive into the dynamic retail property market.We talk about:- The strong pace of employment growth in Canada and what this means.- The recent recovery in home sales.- What’s happening with central banks, and how that affects housing prices and more.- How the recent earnings calls will impact the economic narrative.- What has been happening specifically in retail over the last few years?- Predictions for 2023 in terms of retail and commercial real estate.- Positive reflections on the state of commercial real estate and what the future holds.Resources mentioned:Peter Norman - https://www.linkedin.com/in/peter-norman-20637043/Omar Eltorai -https://www.linkedin.com/in/omareltorai/Altus Group -https://www.linkedin.com/company/altus-group/Altus ODCE Webinar - https://info.altusgroup.com/quarterly-analysis-ncreif-odce-index/Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation#CRE #CommercialRealEstate #Property