Commentary

The least used budgeting technique is NOI budgeting.

The sector is experiencing both strong tailwinds and headwinds.

There is an estimated 15.5 million square feet of office leases expiring within the next two years

Softening industrial markets, interest rate cuts in the summer and a robust shadow lending sector.

In the past 60 days there has been an increase in activity that has yet to be reflected in the statistics.

There are physical difficulties to a conversion plus financial constraints.

Sometimes they do but there are definitely challenges to this process.

Several car wash establishments have gone dark in recent weeks and months.