AI Disrupting CRE Brokerage Stocks
The recent AI disruption in commercial real estate triggered a massive sell-off, with the five largest CRE brokerage firms losing over $30 billion in market cap within 48 hours last week. CBRE dropped 21%, erasing roughly $12 billions. JLL fell 19%. Cushman dropped 14%. Newmark and Colliers each lost 11-13%. For CBRE and Cushman, these […]