161: Insights into Real Estate Market Trends and Forecasts with John Chang from Marcus & Millichap

Passive Investing from Left Field

Join us in this enlightening episode of Passive Investing from Left Field, where host Jim Pfeifer welcomes real estate maestro John Chang. Dive into the depths of real estate investment strategies, market forecasts, and the future of various asset classes as we prepare for 2024. Whether you're a seasoned investor or just starting out, John's insights will help you navigate the ever-evolving real estate landscape. Don't miss out on this masterclass in making informed investment decisions.

About John Chang

• Senior Vice President, National Director Research Services
  Marcus & Millichap Real Estate Investment Services
  John Chang serves as the National Director of Research Services for Marcus & Millichap. He is responsible for the production of the firm’s vast array of commercial real estate research publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm’s research is regularly quoted throughout the industry and in mainstream business media.
  John oversees a team of dedicated real estate research professionals who produce the firm’s more than 1,000 annual market research publications and conference presentations. These detailed reports, analyses and presentations integrate economic and financial market trends with insights on all major commercial property types including: Hotels, Industrial, Manufactured Housing, Multifamily, Office, Medical Office, Retail Multi-Tenant, Retail Single-Tenant, Self-Storage and Seniors Housing.
  John is a seasoned industry analyst who has been quoted in numerous publications and is an active member of the NMHC Research Foundation Advisory Committee, the ICSC North American Research Task Force and the NAIOP Research Foundation. He regularly presents at a wide range of conferences and events hosted by industry-leading organizations such as the NMHC, NAIOP, ULI, CCIM, ICSC, SSA and numerous others.
  John joined Marcus & Millichap in April 1997 as a Research Manager in the Seattle office. After holding executive marketing and e-business positions with premier residential real estate firms in the Pacific Northwest, he rejoined Marcus & Millichap in November 2007 as the head of its Research Services division. John was elected as Vice President in 2010, advanced to First Vice President in 2013 and promoted to Senior Vice President in 2018.

Here are some power takeaways from today’s conversation:

01:59 His real estate journey

03:25 2024 Outlook for the real estate market

05:08 How LP investors can invest wisely in 2024

07:18 How to find good operators

11:41 Which asset classes will shine in the next few years

18:14 Loan delinquency rates

24:04 Rate caps effect on loans
29:06 Construction costs affect the markets

34:44 Interest rates getting back to normal

39:40 What to protect ourselves from in 2024

42:41 The Best Ever Conference

44:39 Podcast recommendation

45:26 Contact John

46:14 Thanks for watching!

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

LinkedIn
www.linkedin.com/in/johnchang

Podcast Recommendations:

Pickleball studio: https://pickleballstudio.com/

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
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Circuit City
invest.circuitcity.com