Aside from those directly involved with REIT industry, corporate real estate professionals are generally not front and center when stock markets have volatile swings, as they have this week.
But it’s worth noting that outgoing Fed Chair Janet Yellen has recently noted that commercial real estate prices are high, according to a CNBC report:
“In addition to elevated equity prices, Yellen also said commercial real estate is ‘quite high’ compared with rents.
‘Now, is that a bubble or is too high? And there it’s very hard to tell. But it is a source of some concern that asset valuations are so high,’ she said.”
Those high prices may impact the real estate decisions that are being made globally by multinational companies.
For now, the most immediate concern for corporate real estate professionals is pretty much the same as everyone else’s: How’s my 401K holding up?