CRE Exchange Podcast - EP34 - CRE data science and market dynamics with Tim Savage

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Join us for an engaging discussion featuring Tim Savage, Clinical Assistant Professor at NYU's Schack Institute of Real Estate. With expertise in econometrics, machine learning, and data science, Tim discusses his career path from consulting to academia, his work at NYU's SPS Applied Analytics Lab and CREFC Center for Real Estate Finance, and the current dynamics driving the market.

We’ll also cover Tim’s views on the bifurcation of office space, the rising significance of data science in commercial real estate, the importance of considering climate change in insurance and valuations, and more!

Don't miss Tim's perspective on the future of real estate analytics and the pressing need for the industry to accelerate its pace of adaptation.

Key Takeaways:

(00:29) Introduction and guest overview.
(02:19) Tim Savage's background and career path.
(05:40) Teaching at NYU and the Applied Analytics Lab.
(08:26) CREFC Center for Real Estate Finance.
(11:11) Impact of work from home and market trends.
(12:20) Interest rates and monetary policy.
(16:32) Bifurcation of office space.
(18:33) The evolution of retail real estate.
(24:14) What the CRE market still needs to price in: Climate change and insurance.
(29:16) Data science and analytics in real estate.
(33:20) How real estate analysis has changed.
(35:19) Where CRE sits on the innovation curve for data science.
(38:34) The future of real estate data analytics.
(44:09) Advice for aspiring CRE professionals.
(44:57) Final thoughts and conclusion.

Resources mentioned:

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