Episode 114: Commercial Real Estate in a VUCA World

12/07/2024 49 min
Episode 114: Commercial Real Estate in a VUCA World

Listen "Episode 114: Commercial Real Estate in a VUCA World"

Episode Synopsis

In this latest episode of The Path to Wellth, Joe Brady, a commercial real estate expert, discusses his career journey and the major shifts happening in the industry. Joe highlights the need to invest in healthy ecosystems and for commercial real estate to adapt to our fast-paced, technology-driven world. He also discusses the transformation of the office sector and the rise of remote work. Tune in to learn the current trends in retail and flexible office spaces and how to create thriving commercial environments in a VUCA world.Joe Brady is a US-based commercial real estate expert who had a front-row seat in the evolution of retail, from brick and mortar to omnichannel, and is now seeing the same forces at play in office real estate. Having served in several senior roles at major companies, Brady has been on the cutting edge of accelerating technology, changing consumer behavior, and evolving real estate.Connect with Joe Brady LinkedIn https://www.linkedin.com/in/joebrady03/Enjoy this episode on your favorite podcast platform✅ Apple → https://podcasts.apple.com/gb/podcast/episode-114-commercial-real-estate-in-a-vuca-world/id1625806145?i=1000662083775✅ Youtube → https://youtu.be/Bd6qTSTeT5ILet’s Stay Connected✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/Time Stamps00:00:32 - Discovering a Passion for Real Estate Development00:06:22 - Relationships as a Career Pillar00:08:40 - Shifts in Commercial Real Estate00:10:03 - Impact of Technology on Retail00:11:19 - Flexible Office Space and the Pandemic00:13:07 - Consumer Behavior and Omni-channel Retail00:24:46 - Life-work Balance Post-pandemic00:25:56 - Spectrum of Remote Work Discipline00:29:35 - Multifamily Developments and Co-working Spaces00:31:43 - Investing in Commercial Real Estate00:32:54 - Healthy Ecosystems for Investment00:36:58 - Challenges in Retrofitting Office Buildings00:38:27 - Examples of Successful Urban Developments00:39:06 - Live, Work, Play Ecosystems00:40:42 - Office Asset Class and Financing00:46:07 - VUCA World and Flipping VUCA00:47:57 - Investing in Daily Needs Retail00:51:16 - Pop Culture Influence on Real EstateSound Bites"As long as you're not a jerk, as long as you're fair to people, you can accumulate great people, great friendships, great connections that can help you in many aspects, personally and professionally.""The fact that commercial real estate is still measured in terms of five and 10-year increments compared to the world we live in now, which by any account is measured in terms of weeks or months.""The office sector was having a retail moment." "Purposeful presence over passive attendance.""What is our vision? Uncertainty to understanding, complexity to clarity, and my favorite is ambiguity to agility."#thepathtowellth #realestateinvestments #realestate #commercialrealestate #investment #VUCA #success #mindset #healthyecosystem

More episodes of the podcast The Path to Wellth with Hannes Hennche