President, Chief Executive Officer & Director, Marcus Millichap
Search every verified Hessam Nadji interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Hessam Nadji, president and CEO of Marcus & Millichap, appeared on Bloomberg, CNBC, and Yahoo! Finance in October 2026 to discuss the impact of rising interest rates on commercial real estate (CRE). He stated that higher borrowing costs, up about 100 basis points from a year earlier, have pushed back the recovery in sales activity and forced revaluation of deals, particularly for properties with maturing debt from 2020–2022. Nadji noted that price corrections of 20–25% across property types have created buying opportunities, with some clients using all-cash strategies to acquire assets. He attributed the market's resilience to strong buyer demand and said the worst of the corrections is likely behind, though further declines are possible if rates continue to climb. Nadji also commented on sector trends, describing retail as a standout performer due to consumer resilience and discount and value retailing, while older office and obsolete retail spaces face the most significant challenges. He said conversion of older office buildings to residential use is viable only on a case-by-case basis due to high costs, but noted that startups are taking advantage of lower rents in older properties. He highlighted multifamily as benefiting from housing affordability issues, with more people renting longer, while institutional investors are concentrating on higher-quality assets in major metros.
How Will CRE Investors Adapt? Rising Interest Rates and The CRE Space Demand Will rising interest rates force CRE pricing recalibration? The opportunities emerging in the office and retail sectors. How lenders and investors are managing maturing CRE debt. Visit our site for more: https://www.marcusmillichap.com/
Will Elevated Interest Rates Force CRE Pricing Recalibration? Why rising interest rates put new pressure on CRE but won’t cause a market freeze Price corrections of the last few years offer investors significant opportunity Properties with maturing debt face headwinds as interest rates push higher The property segments facing the greatest impact from rising interest rates Visit our site for more: https://www.marcusmillichap.com/
Calibrating To Higher Interest Rates – Opportunities and Challenges How rising interest rates are influencing the investment climate Key office trends – space demand and the properties that outperform Top performing CRE markets and how migration trends are shaping the outlook Property types attracting investor attention – for durability and opportunity Visit our site for more: https://www.marcusmillichap.com/
CRE Activity on the Rise? The Forces Bolstering Investment Property Factors behind the variation of risk/reward for CRE investors Latest assessment of key dynamics for Office, Retail, and Apartments and drivers for each segment Why trading and refinance volumes have improved despite higher interest rates Visit the site for more: https://www.marcusmillichap.com/
CRE Investment on the Rise? The Forces Bolstering Investment Property Why retail continues to attract investor attention How office is quietly gaining momentum Multifamily gaining traction as wave of construction abates Why short-term headwinds shouldn’t overshadow long-term opportunity Visit the website for more: https://www.marcusmillichap.com/
Amid Elevated Interest Rates, Would ROAD to Housing Act Boost Housing Market? The interest rate outlook and how it’s influencing housing and CRE investment. The forces supporting CRE transaction activity and investor engagement. Will the ROAD to Housing Act invigorate homebuying? Falling housing construction levels could ultimately strain housing availability. How the housing affordability gap is bolstering apartment demand. Visit our website for more: https://www.marcusmillichap.com/
Commercial Real Estate At A Turning Point? Valuations and investor sentiment The forces shaping a fresh cycle for CRE in 2026 Performance outlook for apartment and retail How return to office momentum makes office assets a “diamond in the rough” How Marcus & Millichap’s footprint is a proxy for the broader CRE market Visit our site for more content: https://www.marcusmillichap.com/
How Fed Policies Are Shaping CRE Investment, and Why Office and Retail Property Outlook Continues To Shine Is the Fed being too cautious? How Fed messaging is weighing on investor sentiment. Commercial Real Estate pricing recalibration creating opportunities. Why office properties have emerged as a “diamond in the rough” investment opportunity. The forces driving retail property investor optimism for 2026. Visit the website for more: https://www.marcusmillichap.com/
The Three Forces Driving Commercial Real Estate; Why Retail Continues to Outperform - How the reinvention of retail continues ...
Hessam Nadji, CEO of Marcus & Millichap, discusses retail real estate resurgence and investor optimism heading into 2026.
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