The “2nd Wave” of the Commercial Real Estate Crash Is Close w/Brian Burke

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Commercial real estate prices have fallen 20%-50% from their peaks just a few years ago—but the slide may not be over yet. A “second wave” of the commercial real estate crash is on the horizon now that interest rates are back around 7.5%, and struggling multifamily, office, and commercial investors who thought a long-term refinance would save them are now in a stickier spot. So…how much lower can commercial real estate prices go? He was right about past crashes, so we asked Brian Burke to join us again on the show for his take. Brian, quite famously by now, sold most of his multifamily portfolio at the peak of the post-COVID boom, took profits, and sat on the beach for a few years while…