Risk Considerations in Urban Commercial Real Estate Investment

As an investment analyst for a real estate investment firm, you are tasked with evaluating the risks associated with investing in commercial real estate properties. Your firm primarily focuses on office buildings in urban areas undergoing economic transformation.

Discuss the key risk considerations when evaluating commercial real estate investments, particularly in the context of urban areas experiencing significant changes, such as gentrification or economic downturns. Consider factors such as market risk, location risk, and operational risks, and explain how these risks can be assessed and mitigated.