Softening commercial market has brokers trading places

[dealmaker]

Softening commercial market has brokers trading places
A spate of moves by top brokers from big firms may be a sign of continued softening in the commercial sales and leasing markets and increased competition from brokerage upstarts. The widespread shuffling of personnel in the commercial real estate business has traditionally been a sign of a softening market, as even top-earning brokers search for greener pastures. (Crain's New York)

 

[R1234]

I think there's going to be a huge glut in the commercial space. I've been seeing more and more empty storefronts in the past 12 months. I think landlords have become too greedy and asking unreasonable rents - or maybe their taxes/costs have shot up so they need to compensate? Whatever the cause, there is a dearth of stable retail tenants. Office space supply/vacancy is growing too - several retail complexes in my area have been converted to multi-use/office space as Amazon continues to gut cities and towns of commercial activity