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Is the Life Sciences Real Estate Boom Over?
The looming U.S recession has cast a pall over the commercial real estate market, with sales tumbling by 16% year-over-year in April. The Economist explained that investors’ enthusiasm for offices, hotels, apartment complexes, and warehouses has diminished as debt costs have risen and household budgets have fallen. In addition, 53% of employees are hesitant about
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3 Ways Real Estate Data Analytics Help Developers Earn Higher Returns
In 2018, McKinsey & Co. published an article explaining why a data-driven approach to real estate development is better than relying on gut feelings. For example, the consulting firm noted that artificial intelligence-powered systems could provide project managers with predictive insights with an accuracy rate of 90 percent. Because those insights are generated in real-time
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Two Multifamily Development Trends to Watch for the Rest of 2022
According to GlobeSt, multifamily construction is at its highest level in 40 years, with over 800k projects underway and 450k projects set to be completed this year.
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How Real Estate Development Project Managers Earn Stakeholder Trust
Stakeholder trust plays a critical role in the success or failure of a real estate development project manager. Senior leadership must have faith in their project manager’s competence and capabilities from the design phase to the end of construction.
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4 Key Reasons to Maintain Commercial Real Estate Historical Data
The success or failure of a commercial real estate project can depend on the development team’s level of preparation. If an organization begins a project without its ducks in a row, it will inevitably run into delays, cost overruns, and other serious problems. And that’s not even considering external factors like rising inflationary pressure and
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How Excel Compares to Real Estate Development Software
Real estate developers have used Microsoft Excel as a project management tool for decades, and it’s easy to see why. The program is ubiquitous, relatively easy to learn, and has just enough functionality to get the job done. However, even though it’s become an industry standard solution, it’s not real estate development software.
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What Is a Draw Request? Everything You Need to Know
Construction projects can be notoriously hard to manage both in terms of timeframe and budget. In fact, an estimated 69% of projects run overtime.
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How to Uncomplicate Commercial Real Estate Project Management
It’s no secret that commercial real estate projects require razor-sharp planning and flawless execution to make the whole process worthwhile.
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Where Does Commercial Real Estate Technology Fit into Priorities?
The commercial real estate industry is heading towards an interesting intersection of surging technology adoption and mounting industry challenges. The industry-wide issues consist of the lingering effects of a pandemic, rising construction costs, looming recession potential, and the ongoing skilled labor shortage.