KNOXWILL, Tennessee., July 6, 2021 / PRNewswire / – Maribel Coella, CRE®, Owner / Founder, NAI Koella | R.M. Moore and Michael Honeycutt, CRE®, Senior Vice President and Director, Realty Trust Group, announced current and emerging issues that are expected to have the most significant impact on real estate, according to The Counselors of Real Estate.®, an international consortium of 1,000 commercial real estate professionals. Teleworking and mobility were cited as the main issues affecting commercial real estate in the group’s latest report, Top Ten Issues Affecting Real Estate.®…
“As we emerge from COVID-19 into a new world rife with both local and global turmoil, our industry has been forced to recognize that adaptability and resiliency are paramount in real estate markets,” Coella said. “It’s undeniable that the collapse of the pandemic has significantly influenced human behavior about how and where people choose to work. Now that workers are starting to return to offices, landlords and companies are faced with the challenge of changing the workplace and the benefits of adaptable and shared spaces. Time will tell which patterns of migration and space use will persist as all real estate sectors are closely monitored and ready to respond. Property owners and managers must be flexible to accommodate these demand-driven changes in the desired use and location of space. ” Coella added that the immediate return to the office is a residual benefit for restaurants, transportation, shops, dry cleaners and other retailers, which will also benefit property owners.
The consultants cited acceleration and technology adoption as the second largest impact on the industry. The pandemic has affected technology everywhere, and the real estate industry is no exception. “The stressors were not related to new technologies, but to their adoption. The changes in our work, economies, social structures and our personal behavior caused by isolation have forced the industry to abandon previous resistance and accelerate implementation, ”he said. explained Honeycutt.
The third place among the issues highlighted by the group this year was the Environment, Social and Governance Initiatives, or ESGs. The problem has been driven by many driving forces, but has been triggered by changes in consumer preferences, regulatory requirements, trillions of dollars of wealth passed on to young generations committed to philanthropy, the erosion of jobs and community expectations, and a full sprint to attract and retain leaders. talent.
“The pandemic was a stress test that revealed vulnerabilities, appetites, and new and increased risks. These themes are presented in the Top 10 Issues 2021-2022, which are closely interrelated and indicate the recently changed and evolving real estate environment. We have realized some familiar but emerging important areas, namely cybersecurity, supply chain and price volatility. None of these concepts are new, but over the next few months we’ve seen high-profile hacks, scarcity of resources like microchips, lumber and labor, and price increases all over the place, ”said Honeycutt.
Supply chain logistics, infrastructure, housing supply and affordability, political polarization, economic change, adaptive reuse and capital market bifurcation completed 4th in 10th place in the rating, respectively.
Top Ten Issues Affecting Real Estate® Developed by the Real Estate Advisors’ External Relations Committee, with issues identified, discussed and voted on by all members. For more information and views on each question visit https://www.cre.org/topten…
About real estate consultants®
Real Estate Advisers® is an international consortium of commercial real estate professionals from leading firms in real estate, finance, law, appraisal, accounting and business consulting, as well as real estate experts in academia and government. Membership is optional and renewable by invitation, although commercial real estate and related professionals with 10 years of proven experience may apply. Clients of consultants seek impartial and objective advice on the most important factors that will affect all sectors of real estate today, as well as on those issues that may affect their decisions over the next ten years.
The advisers resolved a dispute between the World Trade Center developer and its insurers amid large and small assignments. 11 September, spearheaded the privatization of the US Army housing stock, developed a multi-billion dollar 10-year master plan for Philadelphia Public schools established and endowed the Massachusetts Institute of Technology Real Estate Center and praised the Grand Canyon and Yale University. Consultants live in 20 countries and territories of the United States, and only 1000 professionals have a CRE.® credentials around the world.
About NAI Koella | R. M. Moore
NAI Koella | R. M. Moore worked in Knoxville, Tennessee has been providing a full range of commercial real estate brokerage services since 1983, including retail, office, industry, investment brokerage, asset management, property management, consulting and multi-family partnerships. NAI Koella I RM Moore is an organization of professionally trained brokers with international reach and experience in the commercial real estate industry. Providing full service commercial real estate brokerage support for Middle and East Tennessee…
About Realty Trust Group
Realty Trust Group, LLC (“RTG”) is a real estate consulting and services company offering a full range of real estate services including consulting, development, transactions, operations and regulatory compliance.
Since 1998, RTG has been helping hospitals, physician groups and property owners navigate a rapidly changing industry with growth strategies that ensure market leadership and improve patient and physician services for better healthcare delivery. Our philosophy is to provide innovative solutions to the complex and challenging problems that arise in today’s healthcare real estate market. These solutions include strategic campus and facility planning, portfolio optimization, portfolio monetization, project development, leasing, acquisition and distribution services, portfolio management, regulatory compliance, and many other ideas and services. For more information on RTG and our innovative healthcare services visit www.realtytrustgroup.com, Facebook, LinkedInor call 865-521-0630.
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