Expert Insights: The Future of Commercial Real Estate.
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In this episode of the "Make More Podcast," host Matt Heslin chats with Joe Brady, a longtime friend and industry expert in commercial real estate. Joe shares insights from his extensive career, from his early days at Hollywood Video to key positions at major companies like Walgreens and his advisory role with LRG investors. He discusses significant changes in the commercial real estate industry, emphasizing how business cycles have shortened drastically from decades to just a few years or even months, making long-term planning increasingly challenging.
Joe also highlights the profound impact of technology and shifting consumer behaviors on real estate, pointing out the emergence of "last mile" distribution strategies in retail, influenced by e-commerce growth. The conversation also touches on the social dynamics of workplaces, discussing how hybrid work models and decentralized workplaces affect commercial real estate.
Towards the end of the podcast, Joe reflects on personal topics like work-life balance and the importance of building meaningful relationships. He also teases his upcoming book, which delves into the transformation of the commercial real estate landscape driven by consumer demands and technological advancements. The book aims to offer guidance and strategies for adapting to these rapid changes. Throughout the podcast, Joe's deep understanding of the market dynamics and his strategic foresight are evident, providing listeners with a rich, insightful perspective on the future of work and real estate.
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