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Career Resources
Multifamily....A ton of construction needs to go out to market. many are bridging to bridge and need to refi or go to acq. Values and rents are starting to stab. Seems like this will pull out quicker than office. Office is dead, I was out with a broker who said so many companies in leases are subletting and no bites, floors fully renovated are completely vacant in newer buildings. A ton of properties are distressed and some are defaulting, I think there will be opportunities in a couple years to make a killing in office as the hybrid/remote/new properties need to come to market. But for the near future I'd stay in MF, there is some distress in Bridge debt, but not nearly as much in Perm. Unless you want the distress and your teams good at vulturing.
What are you more interested in? With office, you get some experience with reading leases and ARUGS. With multifamily, you'll be in an asset type that's always relevant. Real estate is a people business at the end of the day. I'd join the "better" group vs the asset class itself.
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