WATCH: Bruce Mosler on leases, tech and the end of this cycle

The Cushman & Wakefield global brokerage chairman didn't mince words

TRD New York /
Feb.February 01, 2017 09:00 AM

At this year’s REBNY gala, many were touting optimism, despite uncertainties around the viability of the retail market, a softening in the tech sector, and the variables presented by the election of someone who had been dubbed a “chaos candidate.” One man, however, was telling it like it is. That man was Bruce Mosler, chair of global brokerage at Cushman & Wakefield.

“Jobs-wise, New York has always out-performed the national marketplace significantly; last year, less so,” Mosler said to TRD‘s managing web editor Hiten Samtani on the red carpet. Mosler did, however, add that the relaxed financial regulations that President Trump has promised may give the banking sector a chance to expand, which could ease pressure in trying to fill space.

It wasn’t all doom and gloom. With regards to the concerns around the tech sector, Mosler accepted that there will be “some winners and some losers,” but said that, on the whole, tech companies are far better capitalized than they were in the last cycle.

“My response to the idea that we will see some form of recurrence of what occurred in 2008/09… I think [that’s] off the table,” he said.

When it comes to the seemingly impending market correction, however, Mosler didn’t mince words.

“We are in the latter innings or extra innings — take your pick! — from the cycle’s perspective. So we should expect a correction,” he said.

Catch the full interview above, and to see all the highlights from the red carpet, click here.

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
John Banks

High expectations: A look at John Banks’ 4 years at REBNY

John Banks

John Banks to step down as REBNY president

REBNY Awards

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi

From left: Heather Domi, Jeremy Stein, Toni Haber, Leonard Steinberg and Cathy Taub (Credit: NYRAC)

Fast-growing agent group has money, members and an agenda

BCTC's Gary LabBarbera and REBNY's Jim Whelan

REBNY, Building Trades join forces on development, policy

REBNY’s Real Estate Broker Confidence Index was 5.84 out of 10 for the third quarter of 2019, down 12 percent from the prior quarter but up 22 percent from last year’s all-time low. (Credit: iStock)

Broker confidence declines for another quarter: REBNY

REBNY president Jim Whelan (Credit: REBNY via Facebook, iStock)

REBNY rolls out ground rules for selling new development

Jay Martin, James Whelan and Joe Strasburg

Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

arrow_forward_ios