The First Commercial Death Knell is HERE

The Property Nomads Podcast

Rob delves into the declining trend of construction cranes in the US and its potential implications for the commercial property sector. With a critical eye, he highlights the significance of this shift, suggesting that it may signal challenging times ahead for the economy.

KEY TAKEAWAYS

• The decline in construction cranes in major US cities signals potential challenges in the commercial property sector.
• Decrease in construction activity in the US may foreshadow similar trends in the UK commercial property market.
• Office market struggles and rising vacancy rates in the US indicate upcoming opportunities for investors.
• Changes in work trends, financing costs, and demand for commercial property are key factors influencing the current market conditions.
• Networking, building relationships, and being prepared to seize opportunities are crucial steps for investors in the evolving commercial property landscape.

BEST MOMENTS

"The death of the construction crane is here, certainly in the US anyway. And that is going to signal the first death knell of the commercial property sector."

"When you start to see everything being taken down and taken away, then that normally means things aren't going as well."

"That means opportunity. That means there's going to be a lot of potential discounts to have. There's going to be a lot of cash to be made."

"And this is why there's going to be an awful lot of opportunity moving forward. This is why the first commercial death knell is here."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/death-of-the-construction-crane-skyscraper-building-equipment-touted-as-sign-of-thriving-economy-disappears-from-nyc-and-chicago-skyline-as-office-values-tank/ar-BB1idyjv?ocid=winp2fptaskbar&cvid=2ced165ea8c64448b04bf9b108c38075&ei=9&sc=shoreline

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

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