-
3 Trends That Will Shape the Commercial Real Estate Sector in 2023
On balance, 2022 has been a good year for commercial real estate. S&P Global estimates transaction volumes will total $800 billion, with the industrial, retail, and multifamily asset classes driving activity. This year also saw less proven property types like cold storage, data center, and life sciences emerge as investment magnets.
-
The Hidden CRE Benefits in the Inflation Reduction Act
It has been a busy year in Washington. In the last 12 months, the Biden Administration has pushed through ground-breaking legislation and funded critical investments across the country. For its part, the commercial real estate sector has kept a close eye on this activity over concerns about increased regulatory oversight or other changes to the…
-
The Return to the Office Trend is Accelerating on the East Coast
Although the Centers for Disease Control and Prevention (CDC) loosened its COVID-19 recommendations in August, U.S. workers still aren’t rushing back to the office.
-
Everything You Need to Know About Real Estate Return on Cost
To be successful in the commercial real estate sector, developers need foresight. An in-depth understanding of the variables that could impact a project’s development is crucial to its execution. And knowing a real estate property’s return on cost is essential to secure investor funding. The long-term financial viability of a project has always been a…
-
4 Commercial Real Estate Certifications Project Managers Should Earn
In the commercial real estate market, nothing is more valuable than information. Understanding how macroeconomic trends affect the sector is crucial to navigating challenging events like a looming global recession. Knowing which asset classes will provide strong ROI even when severe headwinds are battering the segment can mean the difference between having a good year…
-
How Does Your Real Estate Sustainable Development Policy Stack Up?
With a recession looming and a labor shortage disrupting the industry, sustainable development policies aren’t top of mind for real estate developers. But recent events, including the passage of the Inflation Reduction Act, have made it clear that needs to change.
-
Rising Inflation Could Cost the Commercial Real Estate Sector $733B in 2022
The U.S. Bureau for Labor Statistics recently reported that the consumer price index rose by 0.1% last month and 8.3% year-over-year. Market analysts expressed surprise that the U.S. Federal Reserve increasing interest rates by 2% this year didn’t curtail America’s rising inflation rate. The unexpected outcome also strengthened some experts’ conviction that a recession is…
-
What Are Construction Hard Costs?
In commercial real estate development, your expenses will fall into two categories; construction soft costs and construction hard costs. Soft costs are related to predevelopment, like purchasing land, hiring architects, and paying inspection fees. By contrast, hard construction costs are directly related to the physical construction of a building.
-
Commercial Real Estate’s Most Critical Issue: A Labor Shortage
Commercial real estate executives have a lot to worry about these days. Inflation and rising interest rates, continued supply chain challenges and an unstable geopolitical environment have all but ensured a restless night’s sleep, but in the last 12 months, a new challenge has emerged to trump them all: a labor shortage.