Real Estate Forum | September Issue
By Rayna Katz
Market changes are leading buyers and developers to shift asset class, change the size of their deals or even move into new areas of the city.
For a host of reasons, including yield hunting, demographic shifts or a strategic hedge against a potential future downturn, buyers and builders are shifting into asset classes that heretofore weren’t of interest, reducing the size of their deals or even changing what parts of the city, or region, they’re considering. “People are stepping out of their comfort zones,” states Michael Weiser, president, of GFI Realty Services. “Whether they’re a different asset class or location, it’s widely prevelent.”
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