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JF 4161: Why Liquidity Is Rising as Economic Uncertainty Grows with John Chang
Episode 4161

JF 4161: Why Liquidity Is Rising as Economic Uncertainty Grows with John Chang

The Best Ever CRE Show · Joe Fairless

January 25, 202640m 56s

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Show Notes

John Chang gives listeners a wide-ranging outlook on the 2026 commercial real estate landscape, drawing from recent industry webcasts, capital market data, and his upcoming conversations with investors at NMHC. He explains why rising cap rates and falling borrowing costs have reset real estate returns to some of the most attractive levels seen in over a decade, even as broader economic uncertainty grows.

John breaks down how slowing job creation, shifting migration patterns, and heavy Sunbelt development are creating near-term pressure for multifamily—especially Class B and C assets—while lower-development markets continue to show resilience. He also explores why institutional capital is quietly flowing back into commercial real estate, what gold prices may be signaling about investor sentiment, and where he sees risks and opportunities across multifamily, retail, office, industrial, and self-storage heading into 2026.

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