How AI, Quantum Computing, And The "New Collar" Revolution Are Transforming Commercial Real Estate | Joe Brady

Millionaire Mindcast

Matt Aitchison Media, Inc

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 4 November 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode Highlights

In today’s episode, Matty A sits down with Joe Brady, a seasoned commercial real estate expert and author of Workshop, to discuss the transformative changes in the industry. From retail, office space, and community development to cutting-edge technology, Joe shares how evolving market dynamics, technology, and consumer behavior are reshaping the real estate landscape.

Key Topics Covered

Joe Brady’s Career Journey: Joe’s impressive path from managing a portfolio of Burger King assets to becoming a key player in Walgreens’ real estate and beyond.
The Shifting Landscape of Retail Real Estate: How changes in technology and consumer behavior, like the rise of e-commerce, have influenced retail spaces. Joe shares his thoughts on omni-channel models, grocery-anchored centers, and consumer experiential demand.
Office Space Transformation: Joe offers insights on the future of office spaces, emphasizing flexibility, purposeful presence, and the need for healthier environments to attract and retain talent.
The Impact of Technology on Real Estate: A look into how AI, data centers, and digital twins are changing portfolio management and asset tracking. Joe highlights the importance of agility and data insights in modern property management.
Community-Centered Development: Real-life examples of public-private partnerships in cities like Detroit, Tampa, and Jacksonville that are leading revitalization efforts and fostering live-work-play environments.
Future Disruptors in Commercial Real Estate: Joe shares his take on the upcoming disruption led by quantum computing and its potential impact on real estate, as well as choice architecture to nudge consumer behavior in a beneficial direction.

Notable Quotes

“Our customers are telling us everything we need to know—the question is, are we listening?”
“Purposeful presence over passive attendance in the office space is what matters now.”
“Quantum computing will upend basically everything.”

Calls to Action

Explore Community-Based Investment Opportunities: Joe suggests that investing in assets with a strong community focus or backing prominent developers could yield rewarding returns.
Consider Technology Integration: From AI to quantum computing, staying on the cutting edge of tech could give your real estate strategy a future-proof edge.
Read Joe’s Book, Workshop: For an in-depth look at his methodologies and strategies, grab a copy of Workshop. Link available in the show notes.

Resources and Links

Connect with Joe Brady: Visit JoeBrady.ai for more resources, speaking engagements, and his latest articles.
Get the Book: Workshop by Joe Brady on Amazon (linked for easy access).

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Transcript

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0:00.0	Mr. Joe Brady, welcome into the show.
0:12.7	Thank you.
0:13.5	Good to be here.
0:15.0	So we've been, you know, geeking out on commercial real estate, retail office. There's all kinds of, you know,
0:23.0	stuff going on in the global landscape, which obviously impacts the domestic landscape,
0:28.6	which impacts so many different aspects of, you know, real estate investing, commercial
0:33.7	asset classes, different markets around the country. So I know we're going to unpack a lot of
0:38.1	that. We're going to unpack your book, which covers a lot of that. But for those that don't know who you
0:43.4	are and your journey and background in commercial real estate, where did this all begin for you?
0:49.4	It all began at University of North Carolina at Chapel Hill. And so I'm a kid with an electrical
0:55.6	engineering degree who kind of looked out and said, I don't know if I wanted to use that or do that.
1:01.8	I wound up getting an MBA at Chapel Hill. It's now called the Keenan Flagler Business School
1:07.9	and had two fantastic professors. One, Mike Miles, who was the guru of development and another Dave Hartzell, who was the guru of
1:17.0	real estate finance.
1:18.0	In fact, he was one of the early guys with Louis Vernieri and creating mortgage-backed security.
1:24.7	So just kind of opened my eyes.
1:30.6	I wound up spending a brief bit of time in corporate finance at first Chicago, which was later acquired by J.P. Morgan, and then moved over
1:38.9	into the retail side. So I spent a majority of my 35 years on the retail side of the business. So everything
1:47.7	from managing a portfolio of Burger King assets to actually becoming a Burger King franchisee.
1:54.0	So early in my career, I was kind of the doogie houseer of Burger King franchisees with a partner.
2:00.1	We had seven, seven stores.
2:03.5	And for young people out there, I think it's really important for you to try things and
	...

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