The real estate market is currently facing significant challenges, particularly regarding property valuations, as banks hesitate to sell real estate collateralized non-performing loans (NPLs) due to uncertainty in values. This situation is contributing to delays in stabilizing the bid-ask spread, with projections suggesting that stability may not occur until 2025.

The office space sector is also undergoing a transformation in response to the rise of hybrid work models. There are discussions about repurposing office buildings into residential spaces or potentially demolishing some structures altogether.

In the apartment market, while there is an increased supply in certain areas, issues arise from bridge loans and variable-rate financing that were not prepared for the current economic climate, creating risks for investors. Although distressed deals are beginning to surface, they are not yet widespread.

The conversation with Bert Haboucha from Atlas Capital Advisors delves into these themes, offering insights for investors, professionals, and sponsors on navigating the evolving commercial real estate landscape.