Peachtree's Greg Friedman: Office real estate distress
Peachtree Group CEO Greg Friedman discusses whether there is an imminent commercial real estate disaster on 'The Claman Countdown.'
Greg Friedman joined Schwab Network to talk about how the commercial real estate business is repricing itself as yields remain elevated due to the U.S.-Iran war.
He tells investors in the space to brace for pain on the balance sheet, though it likely creates new opportunities long-term. Greg adds that data centers now make up 1% of commercial real estate, a number set to accelerate and create new headwinds for properties.