Raise your hand if you don't want to hear “what inning are we in?” at another real estate conference. It seems to be on everyone's minds but if your team isn't vying for the playoffs this year, it may be a sore subject. And, it is just plain tired. What we do know is there are many factors at work in the commercial real estate market that make it more unpredictable than ever. We have the upcoming election (yikes). We have global unpredictability. We have the will they/won't they uncertainty of the Fed raising rates. We have the influence of millennials. We have the sharing economy. We have the energy woes. We have housing affordability issues in some parts of the country. We have amazon.com growing bigger by the minute. We have the influence of autonomous cars. So, we know things will start changing. The question is when and will these factors help to insulate us against some of the impact or exacerbate it?—Lisa Brown
BY THE NUMBERS
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