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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.
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Real Estate Fintechs Try Their Hand at Solving the Housing Crisis
The US is in the midst of a housing crisis. Home prices have become unattainable—a problem that will only be exacerbated by rising interest rates—and nearly half of apartment renters pay 30% or more of their income on rent. Almost all experts, conservative and progressive alike, agree that the high cost of housing is the…
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Industrial Developers Are Suddenly Facing Headwinds
Over the last decade, the industrial sector has become the most dominant force in the commercial real estate market. Long before the pandemic, the asset class was crowned the industry’s darling, and since the pandemic, user demand and investor appetite have intensified, resulting in an unprecedented level of growth. For the last decade, the market…
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Why CRE Developers Should Be Watching Big Tech’s Moves
It is hardly a secret that Big Tech has an outsized impact on the global economy, but exactly how big of an impact was revealed during the 2020 pandemic. As countries closed their borders, international flights grounded, businesses closed shop and people stayed home, while the digital landscape did just the opposite. It expanded. Internet…
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Shopping Malls Are a Blank Canvas of Opportunity for Real Estate Developers
In a 1999 interview with Wired, Jeff Bezos boldly predicted, “Strip malls are history.” As it turned out, he was the one to kill them.