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How Project Managers Can Address New Supply Chain Disruptions
After almost a year of relative stability, the global supply chain faces new disruptions again. Recently, a severe drought affecting Central America and labor disputes affecting multiple West Coast ports have caused increases in import costs, shipping delays, and freight processing times. These new challenges represent the most significant supply chain challenges for commercial real…
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Summer of Sales: Why Retail Real Estate is Standing Strong
Despite six months of intense economic volatility, American consumers surprised economists by increasing their spending this spring. The Commerce Department reported that the value of consumer spending rose in April and May year-over-year instead of falling as predicted. Bloomberg attributed the upward trend to bigger-than-expected purchases in nine out of ten retail categories. Christopher Rupkey,…
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Know Your CRE ABCs – A Guide to Real Estate Property Classes
One of commercial real estate’s most complicated and contentious issues is the differences between property classes. Building classification can be confusing despite being a crucial aspect of urban development.
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Empty Hallways: Why the Office Market Is Still Struggling
Since the coronavirus pandemic began, the American office market has faced unprecedented challenges. Government lockdown mandates prompted millions of businesses and institutions to operate remotely or with limited onsite staff.
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Hidden Gems – 3 Undervalued Commercial Real Estate Opportunities in 2023
Investors, developers, and property owners should have these opportunities on their radar.
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Medical Real Estate Has Significant Untapped Development Potential
The U.S. healthcare industry is increasing as America’s elderly population grows and its overall quality of life improves. Those trends drive value for the life science asset class, even in an unstable economy.
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How Modern is Your Real Estate Development Team?
If you’re like most commercial real estate project delivery teams (or project leads), your day-to-day is busy. Really busy. Whether you’re the team coordinator or an industry veteran with 20+ years of experience, you know that running a major development project is complex and, more often than not, chaotic.
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Three Key Trends Shaping the 2023 Retail Real Estate Market
Retail real estate has undergone significant changes in recent years, with the impact of the COVID-19 pandemic and online shopping becoming a major driver of retail revenue for the first time. As economic uncertainty has emerged as a multicycle challenge, development teams must stay up-to-date on the latest market trends to identify opportunities with the…
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How Real Estate Data and Analytics Support Office-to-Apartment Conversions
In recent years, the trend of converting office buildings into apartments has been growing due to changing work environments, increasing high demand for urban living space, and advancements in technology. Deliveries of residential buildings through adaptive reuse hit an all-time high in 2020-2021, outpacing the growth rate of new apartment completions by 10%.