Commercial real estate appraisers are currently playing a crucial role in one of the biggest real estate stories: the fate of the office market and urban centers. Their valuation decisions can significantly influence property sales, how and when transaction volume restarts, and even who controls key assets.
Joseph Cioffi, was quoted multiple times in this article for BisNow, “‘You Can Imagine the Pressure’: Commercial Appraisers at the Center of CRE’s Price Reckoning,” weighing in on the current challenges for appraisers in the commercial real estate market.