Meridian Capital Group

Market Commentary – by Thomas Donovan

October 22, 2024

Dear Real Estate Community,

Whether you are an owner, developer, broker, or service provider, the market conditions beyond our control significantly influence our success, volume, and outcomes. Local and national politics, inflation, rising interest rates, and unfavorable legislation directly impact all of us.

As I’ve emphasized in my weekly videos and previous white papers, the best way to hedge against market fluctuations is to anticipate challenges and prepare accordingly. If you have upcoming lease expirations, debt coming due, unresolved tax issues, or deferred maintenance, it’s essential to be aware of these factors. Develop a primary plan along with a contingency plan for unexpected events—Murphy’s Law tends to apply!

In discussions with my real estate colleagues, one consensus has emerged: every aspect of our processes is taking longer, often without a sense of urgency. It’s our responsibility to think proactively, analyze potential scenarios, and formulate actionable plans. Many business leaders reflect on how outcomes could have been vastly different if only they “just had more time.” Now is the time to prioritize actionable strategies that provide you with the time and flexibility needed to navigate challenging markets.
My team and I would love to discuss real-time steps that can contribute to your long-term success.

Please feel free to reach out to me at Tdonovan@meridiancapital.com, or contact my team at Teamdonovan@meridiancapital.com. You can also call me at 646-502-3481.

Best Regards,
Thomas Donovan
President of Queens Investment Sales
Meridian Capital Group

Featuring:
Thomas A. Donovan
Senior Managing Director
Investment Sales
+1(646) 502-3481
tdonovan@meridiancapital.com
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