Blackrock Sees Changing Role for Gateway Markets

The role that gateway markets have played in the commercial real estate sector in recent years is likely to diminish going forward, although the extent of that change will vary according to geographic location, according to Sherry Rexroad, managing director, global real asset securities at Blackrock.

Speaking Aug. 5 during an NYU Schack REIT Leadership Workshop webinar, Rexroad commented that “this whole gateway phenomenon that we’ve all been a proponent of in the past decade is one that is going to ebb, but it’s going to be different across different cultures.”