John Chang

John Chang, a seasoned commercial real estate researcher at Marcus & Millichap, shares his insights on the forces shaping the market in 2026. He predicts a slowdown in job growth impacting property absorption and vacancy rates. Chang discusses how policy uncertainties and AI influence hiring, while also analyzing interest rate expectations and inflation risks. He reveals that institutional capital is returning, targeting multifamily and industrial markets, and suggests private investors may find better opportunities in less competitive regions.