Favorite reasons for why you chose the area of CRE that you specialize in?
For brokers - what are your favorite things about working in your sub-market? What are your least favorite things?

Office, Industrial, Retail, Land, Development/Re-development, Hospitality, Multifamily? List/Buy or Tenant Rep? I’m curious about it all!
[{"id": "ecwc9nt", "text": "My firm invests in class b and c multi, sometimes I wish I\u2019d be doing more core deals, opportunistic ground up deals, or even other asset classes like office and retail. But I am very confident that workforce housing demand will continue to increase substantially over the next 20+years.\n\n", "replies": [{"id": "ecx6cyj", "text": "Why so confident about WF housing?\n", "replies": [{"id": "ecxng6a", "text": "Mostly macro economic and demo trends; construction prices soaring (so new apartment and single family home prices are rising faster than inflation), rising debt to income ratios among millennials and younger generations, delaying of household formation, downsizing of boomers, etc.", "replies": [{"id": "ecxv9e8", "text": "Thanks for your reply. How does all that affect WF housing though? Surely most important thing is growth in Gig economy (e.g Amazon) or employer demand for housing. Also, are you talking about SFH being used for WF housing or multifamily. Either way isn't WF just an extension of one or the other? ", "replies": [{"id": "ecxxa78", "text": "When I say workforce housing, I\u2019m referring to multifamily rents that cater to households around the median income mark (so class b or c properties).\n\nA single person or family making median income will continue to struggle to afford buying a home or renting \u201cclass A\u201d apartments because of soaring construction costs are making these two products very expensive. That means they will have to seek class b apartments with lower rents. The thing is, developers are not building class b properties because it would be unprofitable given today\u2019s land and construction costs. \n\nReal wages are not keeping pace with inflation which means median income (inflation adjusted) is decreasing. This will further boost demand for workforce housing and make it harder for the average American family or individual to afford class a product or a single family home.\n\nSo, in summary, you have a finite amount of class b product and an increasing demand for it, which creates a very intriguing investment opportunity.\n\nFurthermore, multifamily has long considered to be \u201cconcession-proof\u201d. During an economic downturn businesses might go under (impacting office), retailers might go dark (impacting retail center), but people will always need a place to live. If anything, a recession will increase demand for workforce housing as class A renters might seek class b product to save money. ", "replies": [{"id": "ed1xev3", "text": "Great reply. Thank you. I think Grant Cardone would agree with you. ", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ecwoimp", "text": "Office buildings are sexy. Tenant rep because of the skrilla cash yo", "replies": [], "depth": 1}]