New Demand Could Offset Drag from Hybrid Work

Hybrid work is here to stay, according to Marcus & Millichap CEO Hessam Nadji – but as the post-pandemic economy reinvents itself, we should expect new demand across asset classes to tick up in the short term.

“The economy is reshaping itself, and within the next 12 to 18 months all of that will create new demand, whether it’s for office space or industrial warehouses,” Nadji told CNBC’s Squawk On The Street. “Even retail is resurging – I’m talking about brick and mortar retail, not just retail in general. And, of course, housing is very hot.” Nadji told CNBC hybrid work is sustainable, though on the flip side as the economy reconfigures he expects demand to increase for new space.