Published On: Wed, Dec 16th, 2015

VIDEO: Sitt calls commercial real estate market a “utopia”

Joe Sitt Thor Equities head, Don Peebles see continued market strength

Josef sitt


A growing number of observers reckon the real estate market is heading for a correction in 2016, but Joe Sitt and Don Peebles are having none of that.

Peebles, head of the Peebles Corporation, believes demand for apartments is stronger than people think. “There’s a lot of pre-construction sales, and those sales have not gone to record yet, ” he told Bloomberg.

Joe Sitt, of Thor Equities, is similarly optimistic about the U.S. commercial real estate market. “It’s actually, right now, utopia, ” Sitt said. “What do I mean by that? You’re still not peaking in terms of where the rents are as compared to where the prior peaks were.”

Read the full story at The Real Deal, by Konrad Putzier  

Listen to his reasoning in the video. [Bloomberg]



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