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3 Major Challenges Facing the Industrial Real Estate Market in 2023
The industrial real estate market has experienced explosive growth in recent years and emerged as a top asset class. Robust demand driven by the e-commerce boom and the need for distribution and logistics centers to support that expansion pushed the sector to new heights of purchasing and leasing activity. But mounting economic uncertainty took the…
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3 Things Developers Need to Know About Multifamily Real Estate in 2023
Staying informed about the multifamily real estate market will be crucial to the success of real estate developers in 2023. Despite ongoing economic uncertainty, market analysts believe the sector will perform well this year, with strong demand driving a 95% occupancy rate and 4% rent growth.
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How CRE Developers Can Protect Their Projects From Fraud
A recent New York Times article put the spotlight on a significant and insidious problem affecting real estate developers nationwide: construction contractor fraud.
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High Interest Rates Hurt Property Values, But Real Estate Development Tools Can Help
The Federal Reserve raised interest rates seven times in 2022 to combat inflation that reached a 40-year high. This strategy roiled the global financial system and upended the U.S. real estate industry, cooling a red-hot housing market, greatly reducing commercial/multifamily lending volumes, and diminishing commercial property values across the board.
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3 Metro Commercial Real Estate Markets to Watch in 2023
After enduring historic turmoil in 2022, the commercial real estate industry has gotten off to a promising start in 2023. Market analysts expect the Federal Reserve to start reversing its recent rate hikes this year. And industry insiders believe the sector can reduce the impact of economic uncertainty by integrating and deploying innovative technology.
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Why Proptech Software is Essential for Real Estate Developers in 2023
CBRE recently published a dismaying long-term outlook for the commercial real estate market. The organization’s researchers believe record inflation, interest rate hikes, and an impending recession will lower asset values and diminish investment and leasing activity this year. The firm expects all property types will see a 5 to 7% value drop while funding volume…
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The Office Real Estate Market is Down, But a Revival is Coming
According to Commercial Edge, U.S. office vacancy rates stood at 16.2% in December 2022, a 1.1% increase from 2021, while national listings rates fell to $38.06, down 3.1%. In the last few years, the once-thriving segment has lost momentum due to evident market circumstances. Most recently, sliding revenues and looming economic uncertainty caused leading technology…
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How CRE Investors Can Prepare for a Recession in 2023
It isn’t exactly breaking news that commercial real estate investors are worried about a recession. Widespread concerns over economic turbulence have been looming all year, driven by rising inflation, increasing interest rates, and, perhaps most importantly, two consecutive quarters of negative GDP growth, the standard threshold of a recession. However, the National Bureau of Economic Research…
