Billionaire investor Jeff Greene says to expect discounts through real estate, as consumer savings fall.
Discounts on office spaces will also be fueled by remote work, told CNBC.
"In the next 12 to 24 months, you're going to see some extraordinary opportunities to buy."
Retail, office, apartments — every aspect of real estate is going to get whacked, and I think we're just in the first inning," the real estate mogul told CNBC.
AdvertisementAdvertisementDemand for commercial real estate is further pulled down by the continued prevalence of remote work, with 20%-25% of US employees still working from home.
Persons:
Jeff Greene, That's, Greene, Goldman Sachs
Organizations:
CNBC, Service
Locations:
Wall, Silicon