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The 5 Trends Shaping the Real Estate Proptech Market in 2023
In the last three years, nearly 100% of commercial real estate stakeholders have adopted and integrated technology solutions to drive efficiency and streamline operations. Data and analytics have been at the center of the proptech conversation—and for good reason. Data insights are critical to successful investment performance. Last year, JLL said, “Technology and data will…
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CRE Proptech Begins to Overtake the Residential Market
Last year, the outlook for the proptech sector turned grim. After a historic period of growth in 2020 and 2021, new economic headwinds and an aggressive monetary policy have curbed the roaring market growth.
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A Sunbelt Real Estate Shake-Up: What Developers Need to Know
Since the 1950s, Americans have moved in one direction: south. Cities in the Sunbelt, a region known for warm weather, high quality of life, lower taxes, and affordability, have been the top US region for inward migration for decades. From 1945 to 1975, the population in the Sunbelt, also known as the Smile States, grew…
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Why New Office Developments Are Winning the Remote Work Trend
The pandemic sent everyone home from the office—and most employees still haven’t returned. More than two years after the initial lockdown, only 44% of workers are back in the office full-time, and 53% of companies are offering remote work at least one day per week. Without question, there has been a fundamental shift in office…
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The State of CRE Construction Pricing and How Technology Can Help
Rising construction costs are plaguing the commercial real estate industry. Since the start of the pandemic, prices for materials have increased more than 35%, making it one of the most pressing concerns for developers—but for more than a year, developers have been battling a secondary issue: price volatility. We covered the topic last summer when…
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Why CRE Developers Are Still Coming Up Smiling
You might call it survival of the fittest. Developers are managing to persevere through scores of global, domestic, and local challenges to expand construction pipelines and push projects forward. Despite all the obstacles, rising interest rates, inflation, a defunct supply chain, a looming pandemic, and war in Europe—US construction volumes grew in the year’s first…
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The Art of Engaging CRE Development Stakeholders
Real estate development is not for the faint of heart. Even for high-performing players, real estate projects are riddled with challenges and involve many moving parts. Ultimately, these challenges leave most developers with cost overruns and missed deadlines.
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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…
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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.