NEW YORK, Nov. 25, 2020 /PRNewswire/ — An exclusive virtual conference on the ‘Future of Commercial Estate‘ was held on Thursday, 12 November, by Respada, an invitation-only niche platform providing private market opportunities to the ultra-affluent. The summit convened prominent real estate developers, funds, and REITS internationally such as Ada Wong, CEO of Champion REIT; Romel Cañete, Vice Chairman at Newmark Knight Frank; Timothy H. Savage, Professor at NYU’s Schack Institute of Real Estate and Erez Cohen, Author of Real Estate Titans. The expert panelists reflected on four key areas – the impact of Covid-19 on capital markets, shifting workplace models and leasing trends, portfolio adjustments for family offices and innovation in commercial real estate.
Decline in transaction volume has not affected cap rates much since long term interest rates remain low.
The summit opened with a discussion about global trends in liquidity,