NAIOP Podcast: Inside CRE
Inside CRE features interviews with commercial real estate leaders who share industry and career insights. NAIOP, the Commercial Real Estate Development Association, is the development industry’s leading source for education, advocacy and connections that drive your business forward. Inside CRE is brought to you by CLA.
To learn more about NAIOP and join a network of over 21,000 commercial real estate professionals, visit www.naiop.org.
NAIOP Podcast: Inside CRE
David C. Smith, Cushman & Wakefield
David C. Smith is the head of Americas insights for the Cushman & Wakefield global think tank. He joins the podcast and puts in a pitch for the office sector, which he said is experiencing a reckoning similar to the “retail apocalypse” that made headlines back in the mid-2010s through 2020. David discusses topical office trends including reduced square footage per worker, flexible office configurations and the flight to quality. He explains the cyclical vs. structural headwinds faced by the office sector, why “urban nodes” are one of the greatest opportunities over the next decade, and the optimal mix of downtown real estate (42% should be office) for maximizing GDP. Recorded on Sept. 23, 2024.
