Marcus and Millichap CEO: ‘Unbelievable buying opportunity’ for commercial real estate

within commercial real estate for sure. We're seeing a lot of preference for stable newer properties that have have had some price corrections, but they're the ones that have the least volatility because there's demand in more major metros versus secondary and tertiary metros. Um, and what but what this has created is an unbelievable buying opportunity for commercial real estate because the worst of the price corrections is behind us. 2023 was really the low point uh when it was clear that uh interest rates were were headed much much higher and the prices just had to recalibrate to the new reality of interest rates. The industry is starting to absorb the fact that interest rates are going to be you know four to 5% range. Today we're you know north of 5% of course on the 10ear treasury it's more than 100 basis points higher than a year ago and that is not what was supposed to be happening uh this year uh unfortunately but the market has rec recalibrated pretty