From crisis to comeback: Why the office sector is starting to surge

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“Down the road, you may make your building a lot stronger of a deal for you to get financed again,” he said. “That’s where a good intermediary can help you with some financial modeling to tell you, ‘If you do that, your loan amount will most likely be this, and you’re going to be okay.’ Or, ‘Your loan amount will likely do this, and you’re going to have to come in with cash.’ But even if you have to come in with cash, you’re actually going to get the loan.”

Other strong sectors

Cohen noted that, besides the office sector rebounding, another sector he really likes is the smaller retail centers. Those buildings house businesses that are essential for a neighborhood.

“I’ve always been a big fan of small, in-line retail centers,” he said. “AI is never going to paint my nails, give me a haircut, be a restaurant, or all those great mom and pop uses that are out there. They’re really strong businesses because the tenants really care about what’s going on there, and they’re there every day.”

He said a couple of other areas brokers should keep their eyes on are the multifamily space and higher-end hotel properties.

“There are some great areas of opportunity in the multifamily sector,” Cohen said. “So that’s one to watch out for as far as acquisitions. I love hotel deals. I think the newer product with experienced operators at a lower leverage point is a good place to be, especially for hotels with a bit more of a service component.