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Interest Rate Cuts: What Commercial Real Estate Developers Should Know
It finally happened. At its September meeting, the Federal Reserve Open Market Committee voted to reduce interest rates by half a point. The move came much later than the industry hoped. Many leading experts opened the year with predictions that the first rate cut would come in March, followed by five others this year. That…
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Tech Adoption Is Creating a Powerhouse Asset for Data Center Developers
At its core, commercial real estate provides the physical spaces communities and cities need to support life and its activities. As communities develop, houses and apartments, shops, grocery stores, offices, and warehouses all follow to support the town. Now, data centers are joining that list. Technology adoption and consumption are catalyzing the need for facilities…
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Overcoming Project Management Pitfalls With Risk Mitigation Techniques
Project managers play a key role on your development team, ensuring vital benchmarks are met and projects come in on time, on budget, and up to high-quality standards. Every complex development project has risks, from scope gaps to regulatory or compliance concerns, but these issues don’t have to derail your timelines and finances. By understanding…
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Green Building Requirements Are Expanding: Everything You Need to Know
In the aftermath of the pandemic, commercial real estate owners, occupiers, and developers adopted aggressive environmental targets to combat climate change and reduce the carbon footprint of the built world, which accounts for 40% of global carbon emissions. In the years following, sustainability efforts have lost momentum. Although some companies have held onto their environmental…
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Why Every Real Estate Developer Should Pursue Fit-for-Purpose Design
Commercial real estate developers are known to pursue new projects based on community demographics and demand trends. When there’s a low apartment or vacancy rate in a community with rising rents, it’s generally agreed that the market can absorb a new apartment community, for example. While the actual analysis is a little more complex than…
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Midyear Check-In: Commercial Real Estate Market Gains Momentum
The year began with unbridled optimism. After a challenging 2023, commercial real estate stakeholders welcomed the start of a new year with high hopes for a swift change. Market experts expected lower interest rates and more capital availability; increased investor appetite with stabilized pricing; and healthy occupier demand. Many of those anticipated changes, unfortunately, didn’t…
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Going Green: How All-Electric Buildings Are Changing the Conversation
Commercial real estate developers are voraciously pursuing sustainable construction practices. From publishing aggressive ESG targets to building to green certifications, there have been a number of ways that developers can reduce the carbon footprint of a commercial property. Now, innovative developers are going one step further to ensure the carbon neutrality—or even negativity—of a new…
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Adapting to Weather Changes With Climate Resilient Infrastructure
Extreme weather is increasing in frequency and severity as the impact of climate change becomes more apparent. Natural disasters and severe weather events will have an economic impact across industries, and commercial real estate development is no exception. Looking toward the future, your firm should prioritize climate resiliency, whether that means disaster-proofing existing properties or…
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Office-to-Apartment Conversion: Can Developers Make It Work?
Commercial real estate developers are well aware of the national housing shortage. To meet current demand, the nation needs to add 4 million to 5 million new homes. Housing development is at the epicenter of the problem. The construction rate began to slow in 2000. By 2020, 5.5 million fewer homes were delivered compared to…