Greek Government Caps Lease Hikes, Real Estate Market Sees Major Shifts

Explore the Greek government's decision to extend the cap on commercial property lease hikes, providing stability in a volatile market. Discover how 2024 became a turning point for the return-to-office trend, favoring real estate growth. Dive into the strategic acquisition of Sacramento's Renaissance Tower and SL Green's bold move in Manhattan's commercial landscape. This episode offers insights into the evolving dynamics of real estate and the economic implications of these pivotal developments.

Sources:
https://www.tovima.com/finance/govt-to-extend-one-year-cap-on-commercial-property-lease-hikes/
https://commercialobserver.com/2024/12/2024-return-to-office-trend/
https://www.kcra.com/article/renaissance-tower-downtown-sacramento-escrow/63152233
https://www.commercialsearch.com/news/sl-green-to-buy-out-partner-at-manhattan-asset/

Outline:
(00:00:00) Introduction
(00:00:43) Govt to Extend One-Year Cap on Commercial Property Lease Hikes
(00:03:03) 2024 Was the Year Return to Office Tipped in Real Estate’s Favor
(00:06:11) Real estate firm closes escrow on Renaissance Tower in downtown Sacramento
(00:09:20) SL Green to Buy Out Partner at Manhattan Asset