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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…
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New CRE Asset Classes Steal the Spotlight in 2023
Commercial real estate investors have been making the safe bet for the last two years. With widespread uncertainty, capital has favored stable investments in high-profile asset classes with strong fundamentals. Industrial and multifamily properties have overwhelmingly ranked the highest for transaction volume in Q3 202. By contrast, more unstable property types like office, retail, and…
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Don’t Take Your Foot Off the Gas: Why CRE Developers Shouldn’t Slow Tech Adoption
The coronavirus pandemic was a turning point for technology adoption in commercial real estate. Most development companies (78%) reconsidered their technology strategies, embraced modern digital solutions, and invested in analytics programs, smart management tools, automation, and cloud-based software platforms. The last few years have seen historic progress in an industry with a reputation for being…
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How Wealthy Renters Are Changing the Multifamily Market
The multifamily rental housing segment has not always been the booming market it is today. Americans have historically preferred home ownership to renting their living spaces. But in the 15 years since the Great Financial Crisis, a demographic known as renter-by-choice or lifestyle renters have changed the conversation.
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How the Fed’s Sixth Interest Rate Hike Will Impact CRE Development in 2023
In early November, the Federal Reserve raised interest rates for the sixth time this year to curb soaring inflation. The interest rate for federal funds to 3.75 to 4%, its highest level in 14 years. The Fed indicated more rate hikes are coming in 2023. The government’s fiscal policy shift has significant implications for the…
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How Historical Data Can Help Your Real Estate Firm Overcome an Economic Downturn
Traditionally, the real estate market has a four-phase cycle: recovery, expansion, hyper-supply, and recession. After enjoying a boom in 2021, the U.S. economy’s mounting uncertainty has recently pushed the sector into the low end of the cycle. Skyrocketing interest rates and declining lending activity have caused deals to fall apart and made launching new projects…
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How Real Estate Project Management Software Helps Decision-Making
Anyone involved with commercial real estate knows that projects require razor-sharp planning and flawless execution to be successful. So why are developers still clinging to a project management methodology that involves tools and practices that became outdated in the 2000s?
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How to Avoid a Bad Commercial Real Estate Software Implementation
The right software can have a transformative impact on a company’s project outcomes. By integrating a platform built to service your vertical’s specific needs into your workflows, your firm can reduce overhead expenses, cut costs, and reduce the amount of low-value tasks that your team spends too much time on. However, bad software implementations are…
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How Real Estate Project Managers Can Mitigate Cost Overruns in 2023
The commercial real estate sector looks to be on course for a challenging year in 2023.