In today’s uncertain economy, Brandon Michaels leads the way in the national commercial real estate (CRE) market, guiding property owners through a period of significant change. Challenges like fluctuating interest rates, upcoming loan renewals, and differing property valuations are putting immense pressure on the industry, prompting a closer look at these issues and their future impact.
One major concern is the cost of borrowing money. As interest rates change, it directly affects how much it costs to borrow for property owners and investors. This has made it harder to fund projects and has made some investors more cautious.
For Brandon Michaels and his team, The Brandon Michaels Group, upcoming loan renewals are a concern. These loans were negotiated at lower interest rates, so renewing them at today’s higher rates could be tough for property owners. It could mean they have to pay more to hold onto their properties or even sell them at a loss.
There’s also a big gap between what property owners want to sell for and what buyers are willing to pay. Owners are holding out for high prices based on past market values, but buyers are hesitant because of the current uncertainties. This bid-ask spread is slowing down property sales.
Despite these challenges, Brandon Michaels remains committed to acting in his client’s best interests and overcoming challenges in a rapidly changing environment. His motto, “No one cares; work harder,” shows his determination to keep pushing forward no matter what obstacles he faces.
“Looking ahead, there’s hope that the current difficulties won’t last forever. Economic downturns often lead to changes that can make borrowing money cheaper and reignite interest in investing.”
Brandon Michaels also believes that through ongoing discussions and negotiations, property prices will eventually settle at a level that both buyers and sellers can agree on. This flexibility and willingness to adapt are key to the Brandon Michaels Group’s approach to navigating the ever-changing CRE market.
In summary, Brandon Michaels stresses the importance of staying focused on long-term goals while dealing with immediate challenges. For more insights and solutions tailored to navigating the CRE market, connect with Brandon Michaels on Instagram (@thebrandonmichaels) or visit the Brandon Michaels Group website at brandonmichaelsgroup.com.
Brandon Michaels is a seasoned professional in the commercial real estate industry. Since entering the field in 2003, Brandon has established himself as one of the industry’s top producers nationally for selling retail, office, single-tenant net leased, and land development opportunities.
Brandon’s entry into the industry was marked by a humble beginning, starting as an assistant for a senior agent at Marcus & Millichap. With an unwavering commitment to learning and a hunger for success, he immersed himself in the intricacies of the trade, honing his skills through dedication and perseverance.
Over the years, Brandon has navigated the dynamic landscape of commercial real estate as both a broker and a principal, keenly observing key market trends and challenges. From the evolving dynamics of buyer-seller relationships to the impact of technological advancements, he remains at the forefront of industry developments, armed with a deep understanding of market intricacies.
From a brokerage perspective, Brandon has successfully handled over 1,500 commercial real estate transactions totaling over $6.5 billion in total consideration, cementing his reputation as a leader in the field. His approach is characterized by a client-centric focus, prioritizing clients’ goals and needs above all else. By delving into his clients’ individual drivers, Brandon ensures tailored solutions that optimize outcomes and mitigate risks, regardless of market conditions.
Brandon’s accolades speak volumes about his unparalleled achievements in the field. As the all-time leading sales agent in Los Angeles County, he has consistently garnered national recognition, earning prestigious awards and accolades for his exceptional performance. His commitment to excellence is underscored by his continuous pursuit of knowledge and innovation, staying ahead of the curve to provide unparalleled value to his clients.
Published By: Aize Perez
