Commercial real estate’s rebound from the post?pandemic transaction drought is accelerating, with deal volume jumping sharply, according to Connor Teskey, the newly appointed CEO of Brookfield Asset Management, one of the world’s largest property owners.
“What we're seeing on the ground is far ahead of what you're reading in the headlines,” Teskey said Friday on the New York?based firm’s first?quarter earnings call. “We are seeing very significant increases in transaction activity, deal volumes and recovery in valuations. … We are clearly seeing the recovery accelerate.”
Teskey attributed the upswing to improving sentiment, “materially stronger” financing markets and “muted” new supply across multiple sectors. In many cases, he said, properties can still be acquired “well below replacement cost.”...
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RSK: The author attributes this to two major things. Lack of new construction and AI pushing from the rear.
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- - Volume: 26 - WEEK: 21 Date: 5/19/2026 9:04:21 PM -