In the latest edition of our monthly news brief, JLL’s regional team curates the top industry articles to keep you in-the-know on the latest in commercial real estate development. In this month’s edition, JLL spotlights the optimism from CRE executives about the industry’s future, strategic construction investments in the U.S., and JLL’s acquisition of Harry K. Moore in Louisville.
Keep up with Spaces’ monthly CRE recaps, and subscribe to JLL Spaces today.
Executives Feel Optimistic About the Future of CRE
Newspaper image via NS Newsflash.
The future of commercial real estate is bright. In a recent Forbes Insights Report, sponsored by CIT, more than 200 executives weighed in on the state of the domestic CRE market. Many acknowledged that some areas need improvement; however, with every challenge comes an opportunity. The majority of executives surveyed characterized their industry as optimistic, with many opportunities to grow.
Key findings from the survey include:
- 52% of those surveyed said they felt their segment of the market was either “strong or very strong.”
- More than 60% described their market as opportunistic, with a mix of challenges and opportunities for growth—especially with the development of new CRE technology.
- Respondents believe interest rates, consumer confidence, tax rates, unemployment and the global economy are the top five factors driving CRE investments.
Although the advancement of new CRE technology is revolutionizing the industry, many executives are struggling to adapt within their firms. In the study, only 11% of executives rated themselves as having a leading advantage in terms of implementation. Read the full article for more details.
… Read More