Mitch Roschelle and Byron Carlock join the show host in studio to discuss the PwC/ULI Emerging Trends in Real Estate 2019 Outlook. Discussions in this brief clip include the our current economic cycle and factors that are affecting commercial real estate. They discuss their Emerging Trends Barometer and its apparent reflection of optimism, as well as Black Swan risk with a concentration on the probability (or not) of an asset bubble.