In the years following the Great Recession, property fundamentals stabilized across all sectors. Coupled with a continually improving economic outlook, the various constituencies of the real estate industry have enjoyed something close to open-field running. In 2016, we saw those conditions begin to evolve as deals became harder to find.
In 2017, the open field running of previous years has become more of an obstacle course, putting an emphasis on different skills and strategies: discipline, due diligence, operations management. But if the game has changed, the prize remains the same—yield in a highly competitive world where investors’ expectations irresolutely strong while lucrative deals seem to be precipitously diminishing.
In our 2017 Commercial Real Estate Outlook, CohnReznick’s National Commercial Real Estate Industry Practice shares ideas and perspectives on how key areas of this dynamic market are developing in 2017, as well as strategies and tactics to consider as you plot your course for the year.
This year’s Outlook is highlighted by an interview with Jeffrey D. DeBoer, President and CEO of the Real Estate Roundtable, who discusses legislative initiatives proposed by the Trump Administration and their potential implications for the commercial real estate industry.
This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.