Which roles in CRE has the most upside opportunity in 2023?
My firm recently downsized, and I'm trying to determine a next move. Within multi/mixed use, I have 3.5 yrs of Agency/, 3 yrs in acquisitions/dispositions, and most recently 1 yr of development.
Acquisitions - I imagine headwinds for 2023. Could have opportunity is acquire on the cheap for sponsors that need saving. Agree/general thoughts?
Development - Deals are difficult to pencil. Unless a deal is U/C I don't foresee many more job opportunities. Will this improve?
- Office Tenant Rep. An extraordinary amount of lease will be expiring in 2023 (partly bc tenants signed 3 year leases in 2020). Could there be a lot of opportunity here?
- Office/Retail Leasing - I imagine this will continue to be difficult.
- Investment Sales - Similar to Acquisitions.
Other areas that I'm unfamiliar with.
- Loan Workouts/Distressed?