America’s Commercial Real Estate Show™ is the nation’s leading show on commercial real estate related topics. Leading economists, analysts and market leaders including show host Michael Bull share valuable market intel, forecasts and strategies. New shows every week since 2010.
Episodes
7 days ago
7 days ago
14 min
How are Real Estate Investment Trusts (REITs) navigating economic shifts and outperforming the broader equity market in 2026?
In this episode of America's Commercial Real Estate Show, host Michael Bull sits down with Edward Pierzak, Senior Vice President of Research at Nareit, to break down the operational performance, balance sheet metrics, and future outlook for the REIT sector. Despite facing macroeconomic shocks like geopolitical conflicts and inflation worries, REITs have maintained incredible momentum throughout the first half of the year.
Edward provides an insider look into sector-specific trends—explaining why lodging, resorts, and data centers are leading the pack in 2026 after a turbulent 2025, and how well-amenitized, well-located properties are driving a performance bifurcation within the office sector.
Key Topics Covered
We explore how REITs are keeping their momentum and outpacing broad equity markets in 2026. Edward shares a deep dive into specific sectors, detailing the rebound of data centers, the rise of lodging and senior housing, and the nuanced truth behind the "office is dead" headlines. We also take a look into Nareit's REIT Industry Tracker, detailing how high occupancy rates, solid FFO, and fixed-rate unsecured debt are giving public REITs a competitive advantage.
Additionally, we discuss the lingering public-private divergence, examining why valuations are misaligned and what this dislocation means for savvy institutional and retail investors. Finally, we analyze the recent wave of consolidation, REIT-to-REIT mergers, and the growth of internal investment management platforms.
"REITs have had a great start of the year... we still think that there's definitely more fuel in the tank." — Edward Pierzak
Whether you are looking to invest, advise, or track institutional quality real estate trends, this episode delivers the vital market intelligence you need to finish 2026 strong.
Connect with Edward Pierzak:
https://www.linkedin.com/in/edwardfpierzak
Nareit Website: https://www.reit.com/
Connect with Michael Bull & The Show:
Michael Bull, CCIM
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/
Jul 14, 2026
Jul 14, 2026
20 min
While the traditional office sector faces ongoing scrutiny, government-leased office properties operate in a completely decoupled realm of stability. In this episode, host Michael Bull sits down with Darrell Crate, CEO, President, and Director of Easterly Government Properties, to dissect the unique mechanics of the federal and state leasing markets.
Darrell pulls back the curtain on Easterly's 10-million-square-foot portfolio to explain why mission-critical government real estate remains one of the most resilient, high-credit anchors an investor can add to a CRE portfolio. From the market effects of the Department of Government Efficiency (DOGE) to the strict nuances of navigating appropriations clauses, this conversation provides an elite blueprint for understanding how government tenancy drives long-term value, predictable 7% dividends, and unmatched lease stickiness.
Key Topics Covered in This Episode:
The Truth About DOGE and Government Real Estate: Darrell breaks down how the Department of Government Efficiency acts as a wave of private-sector accountability, forcing agencies to re-evaluate footprints without jeopardizing non-partisan, mission-critical assets like the FBI, VA, and DEA.
The Asset-Light Disconnect: Why the U.S. government still owns two-thirds of its real estate footprint and why the ongoing transition toward a private-sector leasing model creates massive transaction volume and valuation arbitrage for private partners.
Unmatched Occupancy and Stickiness: A look inside the metrics where standard commercial office vacancy headlines do not apply, highlighting how mission-critical facilities routinely maintain 98% to 100% occupancy over decades.
Federal GSA vs. State Leases: Comparing the slow-moving underwriting of federal contracts against fiscally responsible state leases (like Georgia), which often feature built-in escalators and extended 25-to-40-year terms.
The "Dabbler" Warning & Transaction Realities: Why standard commercial brokers face severe friction trying to execute government leases and why deep institutional knowledge is required to keep lenders comfortable through complex, multi-month negotiations.
The Supply Cliff and Workforce Return: How a near-total freeze in new construction paired with the workforce return to physical spaces is providing sector-wide tailwinds for office real estate.
Whether you are an institutional player looking to position capital in stable yield structures or a private investor wanting to understand the defensible "smile of the country" growth markets, this episode provides critical strategy for navigating the government real estate sector.
Connect with Darrell:
https://www.linkedin.com/company/easterly-government-properties/
Connect with Michael Bull & The Show:
Michael Bull, CCIM
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally. Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business. Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/
Jul 7, 2026
Jul 7, 2026
34 min
How are global economic transformations shifting commercial real estate portfolios? In this mid-year outlook episode, host Michael Bull is joined by PwC's Global Real Estate Deals Leader, Tim Bodner, to dissect emerging sector trends, real asset convergence, and the operational impact of technology.
Moving past short-term speculation, Tim reveals a market where traditional real estate sectors and infrastructure assets are converging at an unprecedented pace. With the industry adapting to a structurally permanent "higher for longer" interest rate environment, capital discipline has returned, forcing market participants to focus heavily on driving true operational efficiency. From the reshoring tailwinds of manufacturing to the evolution of a comprehensive "living theme," this conversation delivers critical, forward-looking data points for institutional and private investors alike.
Key Topics Covered in This Episode:
The PwC Mid-Year Forecast: A high-level assessment of the global deals market and sector sentiment.
The Office Quality Spectrum: Navigating the supply crunch of high-quality space and the economic rationale behind repurposing obsolete Class C stock into residential, hospitality, or data center spaces.
The Retail Resurgence: Analyzing the strong comeback of retail, specifically evidenced by high-profile public-to-private transactions in the grocery-anchored space.
Industrial & The Manufacturing Boom: How onshore supply chain shifts and automated factories are acting as continuous tailwinds for the industrial sector.
The Broad "Living Theme": Shifting the investment lens from pure multifamily to a holistic approach encompassing under-supplied senior housing, student housing, and affordable residential options.
AI’s Real Impact on Operations: Cutting through job-market anxiety to look at how artificial intelligence is transforming real estate operating models, from automated leasing to fan and tenant experiences.
Interest Rate Adaptation: Why current range-bound rates are historically normal and how the lack of a low-money "spigot" is creating healthier corporate platform strategies.
Whether you are looking to deploy private capital into emerging real assets, evaluating healthcare or medical office adjacencies, or structuring a portfolio for structural transformation, this episode provides the strategic intel required to navigate the road ahead.
Connect with Tim Bodner:
https://www.linkedin.com/in/timbodner/
Resources:
https://www.pwc.com/us/en/intelligent-enterprise.html
Connect with Michael Bull & The Show:
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.
Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.
Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.
Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.
Learn more at https://www.commercialagentsuccess.com/
Jul 1, 2026
Jul 1, 2026
27 min
The office market has officially found "terra firma". In this episode, host Michael Bull is joined by Marc Selvitelli, President & CEO, Commercial Real Estate Development Association, to deliver the latest demand forecasts, net absorption trends, and massive organizational news.
Effective July 1st, NAIOP is officially rebranding to CREDA—The Commercial Real Estate Development Association. Marc shares how this shift reflects a membership base that has expanded far beyond traditional office and industrial space into multifamily, mixed-use, retail, data centers, medical office, and industrial outdoor storage.
Past the rebrand, Michael and Marc dive straight into the numbers, revealing that the office sector has logged positive net absorption for three consecutive quarters for the first time in four years. Learn what is driving this stabilization , why Class A and trophy spaces face severe supply constraints , and how contrarian investors can capitalize on the buy of the decade.
Connect with Marc Selvitelli:
https://www.linkedin.com/in/marc-selvitelli-cae-7b6a991
Connect with Michael Bull & The Show:
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.
Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.
Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.
Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.
Learn more at https://www.commercialagentsuccess.com/
Jun 23, 2026
Jun 23, 2026
59 min
Live from the Georgia CPA Conference, host Michael Bull delivers an actionable, forward-looking deep dive into commercial real estate client strategies and market forecasts.
Designed for advisors, accountants, and principals, this episode moves past historic numbers to explore how to position real estate portfolios for the next 3 to 10 years amid shifting interest rates and evolving economic headwinds.
Key Topics Covered in This Episode:
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The Fed & Market Headwinds: How current interest rate projections are impacting commercial property transaction volume and deal structure.
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Buy vs. Lease Strategies: Why distressed Class B and C office spaces present rare, high-leverage buying opportunities for stable business users using SBA financing.
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The Power of Sale-Leasebacks: How business owners can unlock massive equity, preserve operational flexibility, and maximize company valuation prior to a business sale.
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1031 Exchange Best Practices: Proven timelines for avoiding "boot," maximizing the 45-day identification period, and utilizing Delaware Statutory Trusts (DSTs) and reverse exchanges as insurance policies.
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Owner Financing & Risk Mitigation: Creative structures for non-judicial foreclosure states to generate interest income and defer taxes via installment sales.
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Sector-by-Sector Market Update: A localized update on multifamily absorption, climbing industrial rents, retail resilience, and office condo conversions.
Whether you are advising a tenant through a long-term lease review, evaluating a single-tenant net lease property, or navigating a distressed asset situation, this episode provides the creative tools needed to protect and build wealth in today's market.
Connect with Michael Bull & The Show:
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.
Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.
Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.
Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.
Learn more at https://www.commercialagentsuccess.com/
Jun 17, 2026
Jun 17, 2026
33 min
Data paralysis is a massive hurdle in commercial real estate. When critical market analysis, demographic shifts, and property comps live entirely on flat spreadsheets, it is incredibly difficult to visualize location-intensive trends and tell a compelling story to clients.
In this episode, host Michael Bull sits down with CCIM's Ben Wilson to discuss the major rebrand and massive evolution of "Site to Do Business" into the all-new IntelliSite. They dive into how modern GIS mapping, global data integration, and built-in AI models are completely reshaping how brokers, appraisers, and developers make real estate decisions.
What you'll learn in this episode:
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The Death of the Spreadsheet: How advanced GIS mapping and visual infographics are replacing traditional spreadsheets to tell better market stories.
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Mapping the "Silver Tsunami" & Suburban Sprawl: How to analyze demographic variables (across 150+ countries) to spot peripheral growth and suburban rings around primary markets.
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AI Integration & Void Analysis: A look at the new natural-language AI assistant and how to run a void analysis to find exactly which tenants or medical services are missing from a market.
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Advanced Tools for Brokers & Appraisers: How to leverage Database USA for tenant targeting, use built-in financial calculators, and easily map subject properties against custom comp databases.
Get the cutting-edge tech intel you need to streamline your workflows and find hidden opportunities in any market.
Connect with Ben Wilson:
https://www.linkedin.com/in/ben-wilson-704b3112/
Resources:
Connect with Michael Bull & The Show:
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.
Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.
Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.
Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.
Learn more at https://www.commercialagentsuccess.com/
Jun 10, 2026
Jun 10, 2026
23 min
Is industrial real estate still the top-performing CRE sector? 📈 Michael Bull sits down with Ermengarde Jabir, Director of Economic Research at Moody’s Analytics, to break down the reality behind shifting occupancy rates, near-shoring trends, and rising cap rates. Plus, discover why data centers have become the ultimate growth engine for commercial real estate. Tune in for critical market intel and investment strategies!
Meet Our Guest:
Ermengarde Jabir, Ph.D.
Director of Economic Research
https://www.moodyscre.com/insights/author/ejabir/
Connect with Michael Bull & The Show:
America’s Commercial Real Estate Show is brought to you by our proud sponsors.
TCN Worldwide: Commercial real estate property management, leasing, and sales solutions across the US and globally.
Learn more: https://www.tcnworldwide.com
Build Out: The ultimate product suite for commercial real estate brokerage firms looking to streamline their business.
Learn more: https://www.buildout.com
Bull Realty: Regional commercial real estate brokerage services headquartered in Atlanta, delivering market intel and strategies.
Learn more: https://www.bullrealty.com
Commercial Agent Success Strategies: Twenty-one cloud accessed commercial broker training videos with slide deck action notes.
Learn more at https://www.commercialagentsuccess.com/
Jun 4, 2026
Jun 4, 2026
20 min
Rising gas prices, persistent inflation, and shifting tax policies are squeezing restaurant profit margins across the country. How are successful operators cutting costs and growing sales despite these economic headwinds? And how do these operational shifts impact retail landlords and commercial real estate investors?
In this episode, host Michael Bull sits down with Darren Tristano, CEO of Food Service Results, to deliver a comprehensive briefing on the state of the restaurant industry and its ripple effects on retail real estate.
Key topics discussed in this episode:
Navigating Macro Pressures: How operators are modifying concepts to combat inflation, fluctuating fuel costs, and evolving legislative changes like the "no tax on tips" movement.
Protecting Profit Margins: Actionable marketing and operational strategies used by expanding brands to drive sales while keeping rent-to-revenue ratios healthy.
Real Estate & Expansion Trends: Which restaurant concepts are actively taking down space, what landlords must look for in prospective tenants, and where investors are finding yield.
Get the boots-on-the-ground market intelligence needed to safeguard your retail investments and restaurant operations.
For more market data, sector forecasts, and video episodes, visit CREshow.com.
Darren TristanoFood Service ResultsMichael Bull, CCIMBull Realty, IncTCN Worldwide Real Estate Services - A global network of over 1,500 leading commercial real estate professionals delivering integrated, expert sales, leasing, management and consulting services across 200 U.S. and global markets. https://www.tcnworldwide.com/
Buildout - Aconnected software platform built for commercial real estate brokerages—combining CRM, marketing, data, and back-office automation. https://www.buildout.com
Bull Realty, TCN Worldwide - Commercial Real Estate Asset & Occupancy Solutions in Atlanta and throughout the Southeast U.S. https://www.bullrealty.com/
Commercial Agent Success Strategies - Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/
May 29, 2026
May 29, 2026
19 min
The aging Baby Boomer generation and a heightened national focus on health are driving unprecedented demand for healthcare services. But what does this shifting demographic mean for the financial performance of medical office buildings?
In this episode, host Michael Bull sits down with 20-year medical office sector veteran Paul Zeman to break down the current state of the market, shifting values, and what to expect moving forward.
What you’ll learn in this episode:
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Market Metrics: Current occupancy rates, supply and demand forecasts, and where cap rates are landing for medical office properties.
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Investor Playbooks: Practical tips and actionable strategies for developing, buying, or selling medical real estate.
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Provider Guidance: Crucial real estate advice specifically tailored for healthcare providers navigating today's market.
Tune in for the actionable business intelligence you need to navigate the medical office sector.
For more market insights and video episodes, visit CREshow.com.
TCN Worldwide Real Estate Services - A global network of over 1,500 leading commercial real estate professionals delivering integrated, expert sales, leasing, management and consulting services across 200 U.S. and global markets. https://www.tcnworldwide.com/
Buildout - Aconnected software platform built for commercial real estate brokerages—combining CRM, marketing, data, and back-office automation. https://www.buildout.com
Bull Realty, TCN Worldwide - Commercial Real Estate Asset & Occupancy Solutions in Atlanta and throughout the Southeast U.S. https://www.bullrealty.com/
Commercial Agent Success Strategies - Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/
May 22, 2026
May 22, 2026
17 min
Michael Bull sits down with Tyson Huebner of Yardi Matrix to unpack what's really driving self-storage demand, from gas prices and home sale cycles to current occupancy trends, street rents, cap rates, and the broader economic forces reshaping the sector.
TCN Worldwide Real Estate Services - A global network of over 1,500 leading commercial real estate professionals delivering integrated, expert sales, leasing, management and consulting services across 200 U.S. and global markets. https://www.tcnworldwide.com/
Buildout - Aconnected software platform built for commercial real estate brokerages—combining CRM, marketing, data, and back-office automation. https://www.buildout.com
Bull Realty, TCN Worldwide - Commercial Real Estate Asset & Occupancy Solutions in Atlanta and throughout the Southeast U.S. https://www.bullrealty.com/
Commercial Agent Success Strategies - Twenty-one cloud accessed commercial broker training videos with slide deck action notes. Learn more at https://www.commercialagentsuccess.com/