March 28, 2017
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Above, L-R: Kenneth Caplan, Blackstone; Jay Olshonsky, NAI Global; Andrew Farbman, NAI Farbman; Mark Miller, NAI Robert Lynn
Commercial real estate fundamentals remain strong, and will continue attracting investors, according to Kenneth Caplan, Blackstone’s Senior Managing Director and Global Chief Investment Officer. However, he said, macro shifts in particular markets and sectors will have a significant impact.
Caplan, the keynote speaker at the 2017 NAI Global Market Outlook, which took place in Dallas, also said he is bullish on regions in which there is stronger demand from job and population growth, including Seattle, Boston, Berlin, Stockholm and London.
The event attracted 400 attendees from NAI Global firms, and their clients. Those present heard NAI Farbman CEO Andrew Farbman discuss with Caplan topics including logistics space (Caplan likes the logistics sector) and space sharing. Caplan said he regards co-tenanting as a shift in how office tenants want to use space.
The conference opened with a presentation by Mark Miller, who heads NAI Robert Lynn of Dallas. Miller indicated that the Dallas-Fort Worth metro will continue to attract people to the region due to the “depth of the talent base, and the comparative affordability” of the market.
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