#30 - Investing in Commercial Real Estate and Analyzing Economic Indicators with John Chang

We are thrilled to have John Chang on this episode of Passive Income Pilots. As the National Director of Research Services for Marcus & Millichap, the leading commercial real estate brokerage in the U.S., John leads a team of 20 analysts to produce cutting-edge market forecasts. He speaks at over 50 conferences annually, sharing his deep expertise. Fresh from a recent Fed meeting, John delivers mind-blowing revelations about the state of the real estate market and the top investment opportunities in a 45-minute presentation with slides. Don't miss this game-changing episode, Watch it on our YouTube channel!

Timestamped Show Notes

(00:00) Intro

(01:38) About John Chang, National Director of Research Services for Marcus & Millichap

(03:39) Why you should invest in commercial real estate

(11:51) The economic outlook, recession indicators, and key drivers of commercial real estate

(16:57) Unemployment rates, labor shortage, and employment growth

(21:26) The consumer price index, producer price index, core personal consumption expenditures, and the Federal Reserve

(23:35) Bank shutdowns, bank reserves, and lending standards

(26:27) CRE performance in different property types

(43:14) The sales market in commercial real estate

(49:38) The effect of rising interest rates and mortgages on commercial real estate

(54:15) What John looks at when investing in commercial real estate

(58:32) What property type John is bearish on

(1:00:40) Outro

Connect with Jonathan:

LinkedIn: https://www.linkedin.com/in/johnchang/

Website: https://www.marcusmillichap.com/

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The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.