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Longtime commercial real estate broker Bob Knakal joins the podcast to discuss the current market cycle and why 2025 is a big year for real estate.
He also talks about artificial intelligence in real estate, and offers predictions about what to expect from the market through the rest of this year. Finally, Knakal also shares some tips on real estate prospecting.
Knakal is the chairman and CEO of BKREA, a commercial real estate capital markets brokerage company in New York City. He has been a broker in NYC since 1984. Over that time, he has brokered the sale of over 2,339 buildings having a market value of approximately $22 billion.
Chapters:
- 0:00 - Introduction;
- 1:44 - Key indicators of the real estate market;
- 6:25 - Where are we in the market cycle;
- 8:10 - Real estate market outlook 2025;
- 10:01 - New York City office market;
- 13:35 - Office-to-residential conversions;
- 17:50 - Knakal's approach;
- 21:14 - Development opportunities in New York;
- 22:23 - The selling process;
- 24:20 - Future of BKREA;
- 26:14 - How AI is changing real estate;
- 28:22 - Real estate prospecting methods; and
- 33:37 - Future of real estate.
Industry Events
Edmonton Convention Centre
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