Rastegar Real Estate Demand Outlook as Interest Rates Shift
Despite strong demand in commercial real estate, a wide gap remains between what sellers believe their properties are worth and the significantly lower offers buyers are willing to make.
Originally Published in GlobeSt.
Published on: August 26, 2024
Private real estate investment firm, Rastegar Property Company, like many others generally in CRE, has been seeing pain. Whether that's high interest rates and demand not keeping up with supply, or fears of recession, there are a lot of uncertainties that remain currently—yet signs of Rastegar Real Estate Demand are beginning to emerge beneath the surface.
PENT UP DEMAND IN CRE SLOWDOWN
Rastegar, which operates in 13 states and 38 cities, focuses on seven different asset classes from office to industrial – with its core focus on workforce housing. Ari Rastegar, CEO of the Austin, Texas-based firm, said he is seeing what he calls "pent up" demand, meaning there's still hesitancy in CRE – but there's optimism as the Federal Reserve is expected to start cutting interest rates next month.
