Meybohm Commercial's 2022 Year in Review + 2023 Outlook
Tuesday, March 14th, 2023
Although Meybohm is often known for Residential Real Estate, their commercial division continues to be a force to be reckoned with. After their best year ever in 2021, they knocked it out of the park again in 2022. Closing over $190 million in sales volume, representing 344 transaction sides (including leases), and their largest transaction ringing in over $13 million – 2022 was another “best year yet.”
As the company looks ahead, Jordan Collier, Director of Meybohm Commercial, reflects on what the future holds in their latest newsletter. “This seems to be the most common question we’re fielding right now, and rightfully so. Investors and users alike are concerned about property valuations, where capitalization rates are headed, the cost of borrowing capital, and occupancy costs among others. Most, if not all, of these folks are also experiencing a general malaise connected to lowering consumer sentiment. Much of the macroeconomic data is confusing, contradictory, and seemingly unlike anything many of us have experienced in our lifetimes. However, if you look back to historical data from pre-2000’s and then zero in on reliable sources of current and meaningful data, you can begin to craft of picture of how several different scenarios may play out in the next year in CRE and capital markets in general. Predicting the future of markets is a fool’s errand, but it certainly pays to stay aware of current information and make business and investment decisions with the best information possible.”
To read more and hear Collier’s predictions for the 2023 Commercial Real Estate market, visitwww.meybohmcommercial.com/news
