CRE industry experts say the next six months will be crucial for commercial real estate. But for the most part, investors & economists worldwide are optimistic about an economic recovery. The reasons? A vaccine rollout. Stimulus funds from the government. And low interest rates at the banks. With retail and hotels taking a big hit & office markets in a holding pattern, due to closed physical facilities, lockdowns & digitized operations, industrial real estate, health care, data centers & cell towers have been positively disrupted. According to a new report by Deloitte, rent collections have remained healthy, but largely because of higher tenant incentives & leasing concessions in several sectors. So are CRE leaders equipped to handle the current economic situation? What’s their recovery plan for the next 12 months? And will they stay competitive & thrive in the long-run? It depends on their progressive plans for 4 areas: technology; talent; finances & operations. A world of opportunity lies ahead. I’m hopeful. Read Deloitte’s 2021 Commercial Real Estate Outlook.
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